Why Coinbase Stock Is Climbing Again Today
Shares of cryptocurrency exchange Coinbase Global (NASDAQ: COIN) hit an all-time high at more than $400 per share the first day the company was public. As my Motley Fool colleague Rick Munarriz so eloquently said, "Coinbase is a bet on crypto trading -- and not necessarily its ascent." In other words, Coinbase generates most of its highly profitable revenue from trading volume.