Here's Why You Should Stay Away From Coinbase Stock
Coinbase Global (NASDAQ: COIN) has become a popular name among investors who want exposure to cryptocurrencies via the stock market. Although its share price has fallen over 25% since going public in April, the business's growth is undeniable. Revenue in the second quarter topped $2 billion, more than 11 times what the company reported in the prior-year period.
It might sound like I'm pitching Coinbase, but that's not the case. There are serious concerns investors need to think about if they're considering buying this stock, and it all hinges on the volatility of digital assets.
Here's why Coinbase is in a difficult spot no matter what happens with cryptocurrency.
Source Fool.com
