Coinbase: Crypto Goes Public

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chris23133
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Read the full report: https://www.readthegeneralist.com/briefing/coinbase-dpo

Coinbase is the rarest of beasts: a hyper-growth company that happens to be profitable. The company brought in $1.2 billion in 2020 with a profit of $332 million. Better yet, the cryptocurrency exchange has kicked off 2021 at a startling pace, handling a higher volume of transactions in Q1 than the entirety of last year.

Those metrics won't come cheaply, with Coinbase's expected valuation at $100 billion. Skeptics will point out that represents a remarkably steep revenue multiple, particularly for a volatile business that moves with the price of underlying assets.

Jill Carlson, Katherine Wu, Michael Sidgemore, Max Heald, Ellie Frost, David Wei, and Mario Gabriele discuss the company.
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Crypto Trading
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