As one of the international leaders in the cryptocurrency market, Coinbase Global (NASDAQ: COIN) has had quite a turbulent journey since its initial public offering (IPO) in the spring of 2021. Unfortunately for Coinbase, the company's IPO coincided with the peak of the recent crypto bull market. While this coincidence helped the company post a record $1.6 billion in profit in the second quarter of 2021, when the crypto market took a turn, Coinbase's bottom line swung from a profit to a loss.

Despite the company's struggle to turn a profit, recent earnings statements and other key metrics indicate that this crypto winter might be thawing. With progress mounting and its position clear as a beneficiary of growing crypto adoption, Coinbase remains a promising under-the-radar opportunity for investors who are in for the long game.

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Source Fool.com