How Will Coinbase Stock Perform as Bitcoin Crosses $50,000? 
<p>Coinbase Global, Inc. (NASDAQ:COIN), the largest cryptocurrency exchange in the U.S. has done a huge job growing its user base since its IPO in April, with monthly transacting users increasing 44% to 8.8 million quarter over quarter, according to the company’s most recent quarterly report.</p>
<p>The company, having around 50 cryptocurrencies including Bitcoin and Ethereum listed on its platform, acknowledged that it had accumulated cash in the event of a “crypto winter.” The company has piled up $4 billion in cash, preparing for closer regulatory scrutiny, possible cyberattacks, or potential trading declines. </p>
<p>Coinbase reported EPS of $6.42 with a revenue of $2.22 billion for Q2, warning that its trading volume is expected to be lower in Q3.</p>
<p>With Bitcoin hitting $50,000 last week, investors now argue whether Coinbase stock is a buy or sell.</p>

NASDAQ:COIN