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Seeking Alpha 2022-04-22 12:00:00

Is Coinbase Stock A Good Long-Term Investment? Lower-Risk Proxy On Cryptocurrency Growth

Coinbase stock trades 50% lower than its first day of trading.The stock trades at 10x trailing earnings, but earnings are likely to be highly volatile moving forward.The company is projecting to increase its headcount by nearly 200% in 2022.I expect Coinbase to be a primary beneficiary of the long-term growth of crypto.

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