Forget Tech Stocks: The Crypto Exchange That’s More Profitable Than AI Startups
Key Points
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During crypto bull markets, Coinbase typically experiences a surge in profitability and a huge uptick in trading revenue.
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Coinbase has a new “everything exchange” strategy designed to act as a buffer during down and sideways markets.
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Despite increasing profitability, Coinbase stock is down 40% over the past 12 months.
- 10 stocks we like better than Coinbase Global ›
Tech investors have a big decision to make these days. Should they chase after high-growth artificial intelligence (AI) start-ups with little in the way of profitability, or should they focus on entrenched tech leaders with billions of dollars in profits flowing in each year?
If revenue and profitability matter to you as an investor, then it’s…
