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Coinbase Global Inc COIN

Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides platform, which enables its users to engage in a variety of activities, including discovering, trading, staking, storing, spending, earning and using their crypto assets. The Company offers a suite of products and services that are designed to meet the distinct needs of its three customer groups: consumers, which includes individual retail user customers seeking to discover or trade crypto assets and engage in on chain activities; institutions, which are businesses that include market makers, asset managers, hedge funds, banks, wealth platforms, registered investment advisors, payment platforms, and public and private corporations; developers, which comprise of developers, creators, merchants, crypto asset issuers, organizations and financial institutions, and other groups building decentralized protocols, applications, products, or other services on chain.


NDAQ:COIN - Post by User

Post by arh0070on Feb 23, 2022 12:23pm
116 Views
Post# 34454219

Coin

CoinCoin is suffering like all Crypto stocks because of what is happening to the actual Cryptos .BTC and Ethe are in a bear market .Long awaited BTC retracement and Alt coin season has not happened yet .Once this happens it should have a significant effect upon Coins price .
Time premiums due to volatility on Coin options is very high which makes covered calls highly profitable.
I have a large trading position in Coin right now and am doing that strategy.
Long term if indeed BTC is in a long term bear market (it goes in 4 yr cycles) then this will impact the price of all Crypto stocks especially the small ones many of which will likely be toast as happened in the last Crypto bear market.
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