I am bullish on Coinbase (COIN), a cryptocurrency exchange platform, because of how well rounded and innovative this company is. The Coinbase Wallet is a digital currency wallet that allows users to store, send and receive Bitcoin (BTC-USD). It also offers an API for developers to build applications that use the Coinbase API. In the last few months, due to the wider sell-off in the tech sector, COIN is not performing too well. In addition, after a red-hot 2021, cryptos have not done too well this year. Therefore, investors are hesitant when pouring their capital into a company with exposure to this area.
