Alpha Beta Blog
Published in

Alpha Beta Blog

A Few Thoughts About Coinbase

(No position in the stock with no plans to initiate one)

A few thoughts about Coinbase’s business prospects:

Impressively Profitable

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.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store