Valued at a market cap of $79.8 billion, Coinbase Global, Inc. (COIN) is a leading cryptocurrency exchange that operates a comprehensive platform for digital assets. The New York–based company provides consumers with a primary financial account for the crypto economy, offers institutions a brokerage platform with deep liquidity across the crypto marketplace, and delivers a suite of products enabling developers to build on-chain applications.
This cryptocurrency leader has considerably outpaced the broader market over the past 52 weeks. COIN has rallied 61.5% over this time frame, while the broader S&P 500 Index ($SPX) has gained 20.1%. Moreover, on a YTD basis, the stock is up 25.1%, compared to SPX’s 8.6% return.
