Over 30 articles featured our Coinbase report, and Yahoo Finance, CNBC, Bloomberg, CoinDesk TV, and TD Ameritrade Network interviewed our CEO for our unique fundamental perspectives on the valuation of Coinbase’s (COIN) direct listing. Our key points on COIN :
- Coinbase may be a good company, but not a good stock
- At 46x its well-established peers, Coinbase transaction fees are certain to fall as the crypto market matures
- COIN’s valuation of $100 billion implies its revenue will be 1.5x the combined 2020 revenues of Nasdaq (NDAQ) and Intercontinental Exchange (ICE)
This article originally published on April 15, 2021.
Disclosure: David Trainer, Kyle Guske II, and Matt Shuler receive no compensation to write about any specific stock, sector, style, or theme.
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