Taking advantage of Coinbase stock dip? Here’s where you can buy the stock

Taking advantage of Coinbase stock dip? Here’s where you can buy the stock
фото показано с : invezz.com

2022-5-11 13:51

After posting a loss amid a drop in its users, the largest US crypto exchange, Coinbase stock has shed over 41% over the past 5 days.

To help stock traders eying the Coinbase stock, Invezz has created a brief article on what it is and the best places to buy it.

To find out more, please continue reading.

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What is Coinbase stock?

Coinbase stock is the stock of Coinbase crypto exchange and it trades on NASDAQ under the symbol NASDAQ: COIN.

Coinbase is a US-based cryptocurrency exchange and it is one of the largest exchanges by daily trading volume.

It is also the first cryptocurrency exchange to be publicly listed on the stock exchange

Should I buy the COIN stock today?

If you want to take advantage of a stock dip, then you could try out the Coinbase stock.

However, you should take note that the current price drop is pegged to its recently reported quarterly reports and the exchange will have to turn around its fortunes for the stock to start rising again.

COIN stock price prediction

Although there is no support or bottom in sight for the current COIN stock dip, analysts are optimistic that the stock could rebound once the crypto market stabilizes from the current turmoil.

Coinbase stock social media coverage

Coinbase said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending stock tumbling in after-hours trading https://t.co/a9UVN0ZpQK

— The Wall Street Journal (@WSJ) May 11, 2022

BREAKING: Ark Invest buys more Square and Coinbase stock as #bitcoin dips

— Bitcoin Magazine (@BitcoinMagazine) May 10, 2022

The post Taking advantage of Coinbase stock dip? Here’s where you can buy the stock appeared first on Invezz.

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