A new report covering Coinbase has just been published by Coinmarketology.com. Coinbase is a secure online platform for cryptocurrency. Learn more here; https://coinmarketology.com/c0inbase/
Coinbases mission is to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency. They believe everyone deserves access to financial services that can help empower them to create a better life. Coinbase offers an extremely easy-to-use exchange, greatly lowering the barrier to entry for cryptocurrency investment, which is typically seen as confusing and convoluted.
See the new report here; https://coinmarketology.com/c0inbase/
Coinbase is an app that allows buying and selling all sorts of cryptocurrencies, like bitcoin, ethereum, litecoin and about 50 others. As well, Coinbase was also voted best overall exchange 2022 by Investopedia. Members can use Coinbase to convert one cryptocurrency to another, or to send and receive cryptocurrency to and from other people. Like other stock trading apps may already be familiar with, Coinbase shows the current price and trends for cryptocurrencies, a look at the portfolio of holdings and news stories about the industry.
Coinbase was the first major crypto business to go public in the U.S. when it began trading at $381 in April on the Nasdaq, giving the cryptocurrency exchange an initial market cap of $99.6 billion on a fully diluted basis. Coinbase's revenue has increased far more dramatically than its costs over the last 12 months. For this reason, the company has reached a level of financial flexibility allowing it to invest in new product development that could unlock diverse revenue streams. As Coinbase looks to evolve beyond a cryptocurrency trading platform, the stock is hovering near an all-time-low valuation of 9 times its trailing-12-month sales.
Although 2022 has started with a compressed valuation in technology stocks and cryptocurrencies, the long-term positive sentiment from Wall Street and the recent decline in cryptocurrency prices at large make Coinbase a compelling long-term investment. As the company trades near all-time lows, now may be an attractive entry point for investors looking for exposure to the cryptocurrency market.
Coinbase is offering to pay employees who decide to quit the cryptocurrency company after it discouraged employee activism and discussing of political and social issues at work. CEO Brian Armstrong told Coinbase staff in an email that the company would offer severance packages for anyone “who doesn’t feel comfortable with this new direction.” The pay packages range from four to six months, depending on how long an employee had been with the company.
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