Investing in cryptocurrencies can seem daunting, especially if you really have no idea about them. Good luck trying to choose from among the more than 22,000 various tokens out there today. And because of how new and undeveloped the industry still is, even though Bitcoin has been around for almost 14 years, investing in digital assets might be too intimidating. 

If you're a newbie when it comes to cryptocurrencies, however, there's still hope. Here's why you should look no further than Coinbase Global (NASDAQ: COIN). 

At a high level, an investment in cryptocurrency exchange Coinbase is essentially a bet on the growth of the entire cryptocurrency industry. Yes, the business did generate 63% of its revenue in the third quarter from unpredictable trading fees, which are absolutely fantastic for profitability in good times (like 2021) but are horrible in down markets (like 2022). This is something Coinbase bears point to as a reason to avoid the stock. 

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Source Fool.com