A Few Thoughts About Coinbase
(No position in the stock with no plans to initiate one)
A few thoughts about Coinbase’s business prospects:
I was impressed but not surprised with how profitable they currently are (2020 gross profits of over $1 billion and net income of $322 million). Given the surging interest in owning and trading crypto over the past year, it should not be surprising that Coinbase had an incredible 2020 from a financial perspective.