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After posting a loss amid a drop in its users, the largest US crypto exchange, Coinbase stock has shed over 41% over the past 5 days.
To help stock traders eying the Coinbase stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
Best places to trade COIN Stock
eToro
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nextmarkets
With Nextmarkets you can trade over 7,000 shares and 1,000 ETFs commission-free on the exchange. You pay neither custody and order fees nor third-party fees. Take advantage of our comprehensive e-learning offer with over a dozen real-time trading coaches.
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Disclaimer
What is Coinbase stock?
Coinbase stock is the stock of Coinbase crypto exchange and it trades on NASDAQ under the symbol NASDAQ: COIN.
Coinbase is a US-based cryptocurrency exchange and it is one of the largest exchanges by daily trading volume.
It is also the first cryptocurrency exchange to be publicly listed on the stock exchange
Should I buy the COIN stock today?
If you want to take advantage of a stock dip, then you could try out the Coinbase stock.
However, you should take note that the current price drop is pegged to its recently reported quarterly reports and the exchange will have to turn around its fortunes for the stock to start rising again.
COIN stock price prediction
Although there is no support or bottom in sight for the current COIN stock dip, analysts are optimistic that the stock could rebound once the crypto market stabilizes from the current turmoil.
Coinbase stock social media coverage
Coinbase said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending stock tumbling in after-hours trading https://t.co/a9UVN0ZpQK
— The Wall Street Journal (@WSJ) May 11, 2022
BREAKING: Ark Invest buys more Square and Coinbase stock as #bitcoin dips
— Bitcoin Magazine (@BitcoinMagazine) May 10, 2022
The post Taking advantage of Coinbase stock dip? Here’s where you can buy the stock appeared first on Invezz.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.