Coinbase Stock is a Bold Cathie Wood Bet, but Mind the Risks

Coinbase Stock is a Bold Cathie Wood Bet, but Mind the Risks

Headquartered in Delaware, Coinbase Global (COIN) operates a popular cryptocurrency trading platform. I am neutral on the stock.

Let's not mince words: The Coinbase trading/ investing platform has had lasting ripple effects throughout the modern financial markets. Coinbase helped popularize cryptocurrency while also making it easily accessible to the public.

The Coinbase app isn't fancy and might not impress crypto experts, but it's simple and convenient for regular folks who are curious about popular digital tokens like Bitcoin and Ethereum. Moreover, the platform has expanded its cryptocurrency offerings to include some lesser-known altcoins, and this could help entice more crypto enthusiasts into using Coinbase.