Seeking Alpha
2021-08-12 17:26:53

Impressive User And Profit Growth Give Coinbase 50% Upside

Strong Q2’21 user and transaction revenue growth proves that volatility and declining digital asset prices don't stand in the way of Coinbase's business growth.Institutional adoption of cryptocurrencies is growing, supporting Coinbase’s platform growth.Coinbase is poised to have much stronger earnings than expected this year, with profits after six months already surpassing full-year EPS estimates.Coinbase’s profit growth is still undervalued.

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