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Coinbase Just Gained More Than 25% in a Month. Here’s Why It’s Still a Buy

Coinbase Just Gained More Than 25% in a Month. Here’s Why It’s Still a Buy

Coinbase Global (COIN +1.20%) was the first crypto exchange to list publicly in the U.S. and its brand has become synonymous with cryptocurrency. As a result, crypto volatility often affects its share price. For example, the recent slump in cryptocurrency prices contributed to a decline of about 40% during the past six months.

More recently, signs of digital asset recovery helped it erase some of those losses. As of March 12, Coinbase was trading at about $196, after gaining more than 25% during the past month. Bitcoin, meanwhile, has pushed above $70,000.

Coinbase Global Stock Quote

Today’s Change

(1.20%) $2.31

Current Price

$195.54

The reason…

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