Coinbase coins to invest in8/4/2023 ![]() ![]() To buy Coinbase stock online, you’ll need a brokerage account. The steps involved in purchasing COIN shares are outlined in the following section in detail. Step-by-step process on how to buy Coinbase stockĬoinbase is a publicly traded company, meaning you can buy Coinbase stock through a broker. You can acquire Coinbase stock via multiple brokers, which we will overview later in this guide. The Coinbase stock symbol is COIN, and it trades on the NASDAQ exchange. However, since then (as of November 2022), the COIN share price has declined by 88% as crypto markets have turned overwhelmingly bearish. In pursuing a direct listing, Coinbase IPO followed tech giants such as Spotify (NYSE: SPOT) and Slack, which helped standardize the process.Ĭoinbase was the first noteworthy crypto business to go public in the U.S., opening at $381 on the Nasdaq exchange, giving the cryptocurrency exchange an initial market cap of over $100 billion. The company eschewed the traditional IPO process, listing its stock directly by allowing employees and existing shareholders to sell shares directly to the open market. ![]() Source: Coinbase IPO: when did the company go public?Ĭoinbase went public in April 2021 at the height of a crypto market bull run. The global number of verified Coinbase users from 2018-2022. The most significant gains can be seen from Q4 2020 up til Q4 2021 during the cryptocurrency bubble. Today, Coinbase has 108 million verified users (as of Q3 2022), increasing almost four-fold between 20 as interest in cryptocurrency skyrocketed. The bulk of revenue for the company is generated by charging transaction fees for trades on the platform. The crypto platform is available in more than 100 countries, and users trade roughly $159 billion per quarter. The firm operates as a distributed company (employees engage via remote work) with no physical corporate headquarters. Today, the company has grown to support dozens of unique cryptocurrencies. Coinbase Global, Inc., branded Coinbase (NASDAQ: COIN), is an American publicly traded company that operates a cryptocurrency trading platform where you can buy, sell and exchange popular coins such as Bitcoin, Ethereum, and Solana.Ĭoinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam as a place to conveniently and securely send and receive Bitcoin. ![]()
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