Coinbase Stock is Wall Street’s Opportunity to Embrace Crypto’s Volatile Price Rallies

Coinbase Stock is Wall Street’s Opportunity to Embrace Crypto’s Volatile Price Rallies

But with such a strong relationship with the volatile world of cryptocurrency, this is perhaps seen as a perk by investors looking to cash in on the famous price rallies of major crypto assets.

As an example of the price movements of COIN on the Nasdaq, the stock is currently down some 13% on its listing price, but within two months of its debut COIN was down 32% following a cryptocurrency market crash throughout Q2 of 2021. The recent market upturn paved the way for a 59% rally on the stock between late September and early November before its value embarked on a 20% dip over the course of the past month.

Such erratic behavior would typically scare away many stock market investors, but wild 20% and 30% price swings are part and parcel of cryptocurrency investing.