1 Smart Way to Play the Crypto Market
While most readers are already very familiar with how the stock market can help build wealth for investors over the long term, cryptocurrencies have caught the attention of many in recent years. The budding asset class has certainly fallen out of favor in the past few months, but the impressive returns it produced before that can't be denied.
If you're new to cryptocurrencies, then you should seriously consider buying shares in Coinbase Global (NASDAQ: COIN), the leading U.S. brokerage and crypto exchange operator.
With the entire market down over the past several months, Coinbase has been facing major headwinds. Because the business generates 87% of its revenue from trading fees, the huge plunge in valuations across the industry has pummeled volume on the company's platform. And management, led by founder and Chief Executive Officer Brian Armstrong, is bracing for a prolonged period of macroeconomic weakness.
Source Fool.com
