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Motley Fool
Why Investors Aren’t Seeing Coinbase’s Revolutionary Potential
In the last three months, shares of Coinbase Global (NASDAQ: COIN) are up nearly 20% after days of consistent sell-off from its overvalued initial public offering. Coinbase is a brokerage platform for buying, selling, and transferring cryptocurrencies and mostly relies on trading commissions for revenue. Despite tremendous growth, the cryptocurrency brokerage industry is racing to offer the best pricing available for consumers to invest in cryptocurrencies, driving down margins.
