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.

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Source Fool.com