3 Reasons to Own Coinbase Stock

The market response to Coinbase's (NASDAQ: COIN) third-quarter 2021 financial results was a little tepid. Coinbase was profitable, but revenue dropped from a quarter earlier, and the company's trading volume dropped as well. As a result, the stock took an 8% haircut the next day.

As cryptocurrency prices rose during the third quarter and into the fourth quarter of 2021, management indicated that revenue increased. Still, investors had a lot to digest, with revenue seemingly on the decline. As a long-term investor, there's a lot to like about Coinbase's business but it takes a multi-year view of the company to see its true potential.

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Source Fool.com