Can Coinbase Pull off a Robinhood with the next Crypto Boom? - YouTube

hello again it's rose here with equity guru  bringing you another hot stock pick of the week  

remember this is not financial advice  we provide you with news and stats and  

ifs and if not so do your own research before  investing in anything in this segment we're going  

to focus on a stock which is very much tied to  one of the most highly speculative markets we know  

cryptocurrencies and if you already know a lot  about cryptocurrencies bitcoin or what i like  

to call cute coins and tokens that are such wow  for social media discussions cryptocurrency wow  

wow and you don't need an introduction to coinbase  but for those who don't let's get straight to it  

coinbase is a secure online platform for buying  selling transferring and storing digital currency  

numerous sources put coinbase as the largest  cryptocurrency trading platform in the us  

and according to a database company statistica the  san francisco-based trading platform is the 16th  

largest crypto exchange based on a 24 hour  volume that is during the production of this  

episode we're talking about roughly 1.5 billion  us dollars being exchanged within 24 hours  

the platform offers two types of apps coinbase  and coinbase pro with the first one being a  

straightforward online exchange for any newbie  retail buyer and the latter serving those  

ambitious crypto traders seeking for a full set  of features and charts to help pick out their next  

profitable token so how do crypto exchanges like  coinbase make money it all lies in the fees and  

commissions when you buy and sell cryptocurrency  you have the margin fee aka the spread which is  

basically the difference between the buy and  the sell prices quoted for a cryptocurrency  

and you've also got the coinbase fee this is a  commission in all crypto transactions which is  

a cost that comes on top of the spread so that's  basically how they make their dough but how much  

do these guys actually make well in 2020 they  reported a revenue of 1.14 billion us dollars  

and the stats tell us that 81 of this  transaction fees came from the retail crowd  

and 5 from institutions so people  are digging the platform so far  

i just bought a giant room full of gold coins  and i'm gonna dive into it like scrooge mcduck  

the question is is it going to grow and reap  more profits and more importantly is it worth  

investing coinbase made its nasdaq debut through  a direct listing owing the crowds for a brief  

moment with a valuation of roughly 100 billion  dollars but that was soon followed by selloffs  

causing its share prices to find a new support  level at 208 to 210 now since it's been recently  

listed there isn't a lot to work with in terms of  price action but if we do get the break above 250  

then we can consider the chance of a comeback  one of the biggest catalysts for the stock is  

the price of bitcoin and other cryptocurrencies  and when they go up we could expect coinbase to  

follow suit and if it goes down well you get  the drift so with the cryptos going through a  

bearish cycle and coinbase being a somewhat proxy  for bitcoin why is this in our hot stock list

so well if you believe in growth of cryptos  nfts and blockchain coinbase would be one of  

those gateways to these digital assets this would  generally lead to the company's increased revenue  

and expansion and for those who are afraid of  dealing with cryptos directly then investing  

in a regulated market like the nasdaq and a  company that complies with rules and regulations  

it's not a bad gig to consider crypto mining may  have been banned so far in places like china where  

the mining was most active however the miners  are popping up in different parts of the world  

argo blockchain says they have started building  a green crypto mine in texas and you have renown  

names like elon musk and kathy wood backing the  digital assets every time coins like bitcoin and  

ethereum start to surge so does the hype  surrounding it and hype plays a big role  

in market sentiment different voices  are coming out of different mouths  

so picture this the crypto market is exposed  to the entire population through countless  

exchanges and they allow interested buyers  to stack up coins and tokens in the fractions  

meaning one can join in without having  to throw in stacks of money all at once  

what we know so far is that the demand for digital  currencies has increased immensely over the years  

and it has given platforms like coinbase a better  chance to flourish for now but what we don't know  

is the full potential of this market so will  franklin finally be the invention that makes me  

rich now according to a research from markets  and markets.com the cryptocurrency market is  

projected to reach 1.4 billion us dollars in  2024 and the global blockchain market size is  

expected to grow from 3 billion us dollars  in 2020 to 39.7 billion us dollars by 2025.  

we're talking about an impressive compound  annual growth rate of 67.3 percent so if you  

believe in a bright future for crypto assets then  looking into stocks like coinbase might be worth  

your while well there you have it guys and gals  remember this is not financial advice but merely  

suggestions and stats so do your own research  before investing in anything don't forget to  

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