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Quick Thoughts on Coinbase
By The Smart Investor  •  April 19, 2021
Coinbase is the talk of Wallstreet. It will begin trading on the NASDAQ through a direct listing tonight. Coinbase allows users to buy and sell crypto assets such as Bitcoin and Ethereum and its business has been on a tear of late. Revenue doubled in 2020 and then surged over 900% in the first quarter of 2021. Its shares have recently traded privately at a company-valuation of close to US$100 billion, making it even more valuable than traditional stock exchanges like NASDAQ Inc (NASDAQ: NDAQ) and Intercontinental Exchange Inc (NYSE: ICE), which is the parent company of the New York Stock Exchange. Coinbase’s high valuation and strong business performance come as interest in cryptocurrencies spiked in 2020 and early 2021. With the hype around Coinbase, I decided to take a quick look at its prospectus and note down some reasons for and against investing in it. Here’s my list. Reasons to invest Rocketing recent growth: Coinbase’s...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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