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Coinbase (founded 2012) is the largest cryptocurrency exchange in the United States by trading volume.
Who uses Coinbase?
Coinbase is in 100+ counties, and they have over 68 million verified users. Last quarter, Retail Monthly Transacting Users (MTUs) grew to 8.8 million, up 44% from Q1 2021.
How do they many money?
Last quarter they had $2.0 billion in net revenue, including $1.9 billion from transactions and $100 million in subscription & services revenue.
What does the future have in store for Coinbase?
Buy the stock! Buy calls! Sell puts! Oppenheimer’s Owen Lau rates COIN an Outperform with a $444 price target. That is 45% upside from here.
This company has massive YoY revenue growth, and they have actual earnings.
|Company||Q2 Net Income||Current Market Cap|
I pity the fool that doesn't buy $COIN.