Forget Coinbase: These Stocks Are Infinitely Smarter Buys
Although all eyes have been on special purpose acquisition companies, or SPACs, for much of the past year, it's actually a traditional initial public offering (IPO) that's currently the hottest new issue on Wall Street. I'm talking about cryptocurrency trading platform Coinbase (NASDAQ: COIN).
There's virtually no asset class that's been more universally sought after by retail traders over the past 12 months than cryptocurrencies. With Bitcoin, Ethereum, Dogecoin, and a host of other digital currencies soaring, Coinbase has seen its revenue rocket to record levels. In the first quarter alone, the $1.8 billion in revenue brought in by the company is more than it collected in all of 2019 and 2020, combined.
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Source Fool.com
