Too Long Didn’t Read for Coinbase Stock Analysis:
- The competitive advantage of Coinbase is it has a “license” to operate as a crypto hub from the Federal government. This kind of competitive edge is the sustainable one.
- Due to that advantage, it is easier for Coinbase to gain trust from the institutional fund that needs to invest in crypto.
- The trend of the institutional fund joins crypto investment beginning in August 2021 with a total of $17 billion money poured into crypto assets.
- As a result, Coinbase earnings in Full Year 2021 exploded more than ten times from the previous period.
- The biggest risk is the core business is tied to the popularity of cryptocurrency. A digital asset with no official or legal backup.