The Secret Crypto Stock That Could Turn $1,000 Into a Fortune
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Coinbase is benefitting significantly from increasing institutional crypto adoption.
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Rapidly expanding subscription and stablecoin businesses have improved the quality and stability of the company’s revenue mix.
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Greater regulatory clarity in the U.S. and EU can further strengthen Coinbase’s position over time.
Coinbase Global (NASDAQ: COIN) is a classic “picks-and-shovels” player benefiting from the rapid institutional adoption of cryptocurrencies. The company acts as a primary custodian for the majority of U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs), generating recurring and sticky custody revenues that grow as more money flows into these products.
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