Headquartered in Delaware, Coinbase Global (COIN) operates a popular cryptocurrency trading platform. I am neutral on the stock. Is cryptocurrency a currency, security, or commodity? Will more large corporations adopt and incorporate blockchain technology? There are many unanswered questions in the realm of crypto and the blockchain, and some investors hesitate to get involved as they might view this sector as the Wild West of finance. At the same time, cryptocurrency and certainly segments of stocks are becoming increasingly interconnected in the 2020s. As a trading platform that specializes in crypto, Coinbase's fate cannot be separated from the ups and downs of bitcoin (BTC-USD) and altcoins in general.
