The crypto downturn throughout 2022 dealt a huge blow to (NASDAQ: COIN) and its fortunes. Last year, revenue declined 59%, and the business posted a net loss of $2.7 billion. It's no wonder the shares tanked 86% during the year.

But a resurgence has taken place this year. Coinbase appears to be gaining some strong business momentum. And investors seem to think so as well, and the cryptocurrency stock has skyrocketed 400% in 2023.

But don't rush to scoop up shares just yet. Here are three things you need to know before buying Coinbase.

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Source Fool.com