2022-12-21
Coinbase stock price hit all time low. The company is value at $7.49 billion in market cap. Whereas Dogecoin meme token is value $9.6 billion in market cap. Brian Armstrong came out to admit that we are facing crypto winter. Decline in crypto trading volume has led Coinbase stock to hit new low.
Coinbase has 8.8 million active users. It has 9,000 institutional investors. 85% of Coinbase revenue comes from transaction fees.
Coinbase appears to be the winner in this industry, it could
be an investment opportunity for investors who want to invest in Coinbase. As
FTX went bankrupt and Binance is facing massive withdrawal as $3.2 billion
worth of stablecoins were withdrew from Binance due to fear of contagion
spread.
