Why Coinbase's Most Important Number Is 1 Billion
After going public in April 2021, Coinbase (NASDAQ: COIN) has been on a roller coaster ride. The stock immediately lost 30% of its value in less than two months. Then, after surging 46% over the next five months from June to November, Coinbase has crashed 32% since. Such is the volatile nature of a business tackling a huge opportunity within the nascent crypto industry.
It's difficult to ignore fluctuations in the stock price, but long-term investors should focus on a single metric for this business. Here's why Coinbase's most important number is 1 billion.
Image source: Coinbase.
Source Fool.com
