In 2021, when the crypto market was last experiencing a surge, 93% of the company’s net revenue came from transaction fees derived from facilitating trades on behalf of individuals and institutions. The change is credited to expanded subscriptions and services. It’s hard to overstate just how fantastic Coinbase’s gain has been. In 2023, another extremely positive year for the market, 52% of sales came from transactions. Management hopes this is just the beginning of a more predictable and stable business model.

Coinbase’s Stock Price Just Exploded. Is it time for you to buy shares? Coinbase’s impressive stock price run-up has certainly been propelled by some very powerful trends that are working in its favor. The momentum for Coinbase has carried over into 2024, as it’s up almost 50% just this year (as of April 8). This top cryptocurrency stock just exploded. Shares of the digital-asset brokerage and exchange have skyrocketed 626% since the start of 2023, as they benefit from renewed interest in Bitcoin and the equities market. Please try again later. Investors need to know about them. You’d struggle to find a better performing stock in recent times than Coinbase (NASDAQ: COIN). Please try again later.

Instead, think about where the business and stock could be three, five, or even 10 years from now.

But if you’ve missed the massive rally, it’s best not to have fear of missing out (FOMO). Having this type of long-term mindset is crucial when investing in stocks. Instead, think about where the business and stock could be three, five, or even 10 years from now. Coinbase drives crypto regulation forward, engaging in discussions with lawmakers about how to design adequate rules. That’s because this business can be viewed as a bet on the growth of the entire industry. With that being said, I believe Coinbase is a smart buy only for those investors who are bullish on cryptocurrencies in general.

Coinbase shares are currently 28% off their all-time high, so bullish investors have the chance to buy at a sizable dip. There is simply too much uncertainty for my liking. But for growth-minded investors who have the tolerance to add a little more risk to their portfolios, and who believe in the future of digital assets and blockchain technology, Coinbase might make for a good buying opportunity right now. Just make sure to maintain a very long-term mindset for things to play out. I’m personally not a buyer of the stock because I don’t know where the crypto industry will be a decade from now.