Coinbase Global, Inc. (COIN) is undoubtedly one of the prominent cryptocurrency exchanges globally in terms of daily trading volume. As per data from CoinMarketCap, Coinbase is the third largest exchange in terms of spot market exchanges at the moment. Accordingly, COIN stock is often seen as a key way for investors to gain exposure to the crypto space right now. That's due in part because Coinbase is not only publicly traded, but has a number of unique growth levers which provide productive support beyond just investing in traditional cryptocurrencies. Despite these factors, the stock has been on a considerable decline since reaching its mid-November highs.
