Can You Make Coin Investing In Coinbase?

Can You Make Coin Investing In Coinbase?

Share to Linkedin The Coinbase logo on a laptop computer arranged in Hastings-on-Hudson, New York, U. S., on Tuesday, ... [+] Jan. 5, 2021. Coinbase Inc. knew cryptocurrency XRP was a security rather than a commodity and "illegally" sold Ripple Labs Inc.'s tokens anyway, a customer argues in a proposed class-action lawsuit over the commissions the crypto exchange collected. Photographer: Tiffany Hagler-Geard/Bloomberg Coinbase's (COIN) expected valuation has soared from ~$8 billion in late 2018 to ~$100 billion currently. While no official date has been provided, Coinbase is expected to go public via direct listing in early March 2021. With a rapidly rising valuation, driven by rising interest in cryptocurrency, I do not think investors should expect to make any money in this stock. At the rumored valuation of ~$100 billion, the stock will earn a neutral rating. Coinbase achieved profitability in 2020, which is encouraging, but the expected valuation implies the company will become the largest exchange in the world by revenue. It's hard to make a straight-faced argument that the firm can justify the lofty expectations baked into its valuation given: The lack of traditional IPO process makes it difficult to predict where shares will open, especially as Coinbase