Coinbase Stock Picks: Best Bets For Investors

Coinbase is a leading cryptocurrency platform that allows users to buy, sell, or hold a variety of cryptocurrencies. It has over 110 million verified users and became a publicly-traded company in 2021. The company has developed several products and services to encourage more people to use cryptocurrencies, such as its digital wallet, Coinbase Wallet, and its trading platform.

- Coinbase Global Inc. (COIN)

- NVIDIA Corporation (NVDA)

- Advanced Micro Devices Inc. (AMD)

- PayPal Holdings, Inc. (PYPL)

- Marathon Digital Holdings Inc. (MARA)

- Riot Blockchain Inc. (RIOT)

- MicroStrategy Inc. (MSTR)

- CME Group Inc. (CME)

- iShares Bitcoin Trust (IBIT)

Coinbase Global Inc. (COIN)

Coinbase's digital wallet, Coinbase Wallet, allows users to store and manage their crypto, NFTs, and other wallets in one place. Its trading platform enables users to buy, sell, or hold various cryptocurrencies, including Bitcoin, Ethereum, Solana, and Cardano. The company also offers a derivatives platform, allowing traders to deal with futures contracts and margin accounts.

Coinbase has a bold goal of bringing more than 1 billion people into the crypto space. It aims to develop more uses for crypto beyond trading, such as staking, safekeeping, and fast, free global transfers. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy.

Coinbase Global Inc. became a publicly-traded company in April 2021 through its initial public offering. Its stock price has experienced volatility, and the company has yet to turn a profit. However, it has a lot of potential, especially if you believe that cryptocurrencies will play an increasingly important role in the future.

Before investing in Coinbase Global Inc. (COIN), it is essential to thoroughly research the company, understand its business model, and be aware of the risks associated with investing in crypto-related stocks.

NVIDIA Corporation (NVDA)

NVDA is a tokenized stock that can be acquired using any cryptocurrency or traditional currency. Tokenized stocks are beneficial as they offer a small share of the stock at a reasonable value, which is especially useful for premium companies with very high stock values. The tokenized stock is available on the FTX platform, which was established in 2019 by MIT graduates Sam Bankman-Fried and Gary Wang.

NVDA is not currently available on Coinbase, but interested investors can sign up to be notified when it is added to the exchange.

Advanced Micro Devices Inc. (AMD)

The Data Center segment includes server-class CPUs, GPUs, AI accelerators, DPUs, FPGAs, SmartNICs, and Adaptive SoC products. The Client segment refers to computing platforms that are designed to work together to provide a complete computing solution. The Gaming segment is a fundamental component found in APU, GPU, SoC, or a discrete GPU working in tandem with another product. The Embedded segment focuses on embedded CPUs, GPUs, APUs, FPGAs, and Adaptive SoC products.

AMD is among the leading designers of graphics processing units and central processing units used in crypto mining. While it does not deal directly with cryptocurrencies, its high-end graphics cards power the mining of some crypto assets. A recent report by PC Magazine found that certain AMD graphics cards are becoming profitable for mining alt-coins (not Bitcoin).

AMD's position as an industry leader in chip technology, combined with the profitability of its graphics cards for mining alt-coins, makes it a worthy investment consideration for those interested in the crypto space.

PayPal Holdings, Inc. (PYPL)

In late 2020, PayPal unlocked crypto trading, allowing Venmo to become one of the leading crypto platforms by enabling the trading of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. PayPal's revenue is on the rise, and the company raised its profit guidance for 2024 in its first-quarter earnings report, citing strong consumer demand.

PayPal's stock has been volatile, and it did not recover much in 2023 after being decimated in 2022. However, with a new CEO in place as of August 2023, investors are hopeful that profits will rise.

PayPal Holdings, Inc. is a good option for investors seeking a well-established company that is a leader in its market and offers the added benefit of early entry into the cryptocurrency space.

Marathon Digital Holdings Inc. (MARA)

MARA helps people gain exposure to Bitcoin without directly holding the asset. It aims to build the largest Bitcoin mining operation at the lowest energy cost possible, with a focus on sustainability and environmental protection. The company uses renewable energy providers in its operations and has about 239,000 active Bitcoin miners. As of February 28, it had a total of over 17,000 bitcoins, including over 16,000 unrestricted bitcoins.

MARA's growth can be attributed to its investment in miners to increase the speed of Bitcoin mining, making production more efficient and profitable. It recently increased its "hash rate" to over 25 EH/s, with a goal of doubling this by 2025.

MARA also leverages digital asset compute to support the energy transformation. It develops and deploys innovative technologies to build a more sustainable and inclusive future, securing the world's preeminent blockchain ledger. The company's digital asset compute portfolio spans multiple states and countries, managing large grid-connected deployments that reduce energy waste and inefficiencies.

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