Cramer calls Coinbase the ‘real deal,’ but warns investors to brace for a bumpy ride with the stock

Cramer calls Coinbase the ‘real deal,’ but warns investors to brace for a bumpy ride with the stock

CNBC's Jim Cramer endorsed buying Coinbase in its public debut Wednesday, saying he's impressed by the popular cryptocurrency exchange's business model and leadership team.

Should the stock rally hard out the gate, however, investors must be disciplined not to chase because it will likely trade volatile after listing directly on the Nasdaq, he said.

"If you, like me, [are] a big believer in cryptocurrency “¦ you'll want to own Coinbase for the long-haul," the "Mad Money" host said.

"What matters to me is that there's a tremendous appetite for this new asset class and it's not going away. You don't have to be a believer in crypto the concept to believe in crypto the investment," he said.

Coinbase, the hottest stock to come to market so far this year, could be a victim of bad timing in the near term, Cramer said. The market's appetite for the new entrant may lead to pressure in other tech stocks as some investors trim holdings in growth names to raise cash for Coinbase.

"I think Coinbase is the real deal “” the numbers are incredible “” but I hate the timing," he said. "One of my biggest fears right now is that we have a growth stock glut,