Company Report
Last edited 3 years ago
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#Coin base
stale
Added 3 years ago

Investing in cryptocurrency is not for the faint of heart. Nor is investing in Coinbase, a popular crypto-trading platform. Investors will watch its quarterly reports, released on Tuesday, nervously. After going public in April the company’s share price fell amid investor skepticism and declining cryptocurrency values. It started to rise in late September after Coinbase began broad changes, such as announcing that it will let users trade non-fungible tokens. 

Some of the company’s performance depends on cryptocurrency prices. An index fund tracking the ten largest shows they are worth slightly more than in mid-August, though that came after a fall. Coinbase also faces growing competition. Companies like Robinhood, a retail-trading platform that does not charge fees, have started to offer crypto services. To keep its edge, Coinbase last week announced a subscription model without fees for each trade. Is that enough to win the hearts of investors?