Coinbase (COIN) is the biggest cryptocurrency exchange in the United States with over 40 million users worldwide. It also provides an online marketplace for money managers as well as a prototype platform for app developers.
In April 2021, Coinbase listed on the NASDAQ in one of the hottest IPOs of the year. Shares of Coinbase closed at a price of $328.28 per share on it's first day of trading, leaving the company with a valuation of $85.78 billion.
How to buy shares in Coinbase
Coinbase is now trading on the NASDAQ, which means you'll need a share trading platform that offers US stocks.
For our top picks, we compared our Finder partners using a proprietary algorithm beginning in August 2022. We update the list every 3 months. Keep in mind that our top picks may not be the best for your individual circumstances and we encourage you to compare for yourself. Read our full methodology here to find out more.
Latest updates
Wednesday, April 14: Shares of COIN debuted Wednesday at US$381 after the Nasdaq issued a US$250 reference price Tuesday. The stock quickly skyrocketed to US$429.54, but settled to just under $400 after the stock began trading. We'll update this page as new information becomes available.
Tuesday, April 13: The Nasdaq issued a reference price for the expected April 14 Coinbase offering at US$250 per share, which would value the company at about US$65 billion, CNBC reported. That price is based on private market activity and doesn't necessarily show where COIN shares will open in the market tomorrow. Recent direct listings have opened well above that price. It's not yet clear when shares will begin trading.
Monday, April 12: Bitcoin jumped back over US$60,000 days before Coinbase's direct listing, which is scheduled for Wednesday, April 14. Market insiders believe Coinbase's listing will be a catalyst for a bitcoin and broader cryptocurrency surge.
Friday, April 9: Coinbase this week announced a huge gain in first-quarter revenue, possibly giving a boost to its initial public offering expected April 14. Revenue for the quarter came in at US$1.8 billion, more than it earned in all of 2020, according to BusinessWire.
Friday, April 2: Coinbase has announced via Twitter that it expects to launch its offering in a direct listing April 14 on the Nasdaq under the symbol "COIN."
Friday, March 19: Coinbase plans to delay the public launch of its direct listing until April, reports Bloomberg.
Wednesday, March 17: Coinbase is expected to offer 114.9 million shares in its direct listing, the company said in an amended registration statement filed with the US Securities and Exchange Commission. The direct listing could value Coinbase at more than US$100 billion.
Thursday, March 11: Coinbase announced that private trading of its shares last week suggests a US$90 billion valuation, up about US$13 billion from February when shares were trading around US$303 apiece.
What is a direct listing?
A direct listing is different to a traditional IPO in a number of important ways.
In a traditional IPO, an underwriter (typically an investment bank) purchases pre-IPO stock before selling it on to investors. Their job is to mitigate any risks, set the IPO stock price and determine how many shares should be issued to the market.
With a direct listing, there is no underwriter involved and no newly issued stock. Instead, existing private shareholders and employees of Coinbase sell their stock directly to the market.
The benefit is that it costs less for the company and Coinbase does not need to convince institutional investors to buy in ahead of going public. However it could also lead to higher volatility on the day of the IPO.
How do similar companies perform?
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Coinbase can be useful in determining how the market is performing and whether now is a good time to invest in this industry.
Select a company to learn more about what they do and how their stock performs, including market capitalisation, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
Company summary
River Financial Corporation operates as the bank holding company for the River Bank & Trust that provides various financial services to businesses, business owners, and professionals in the United States. The company accepts demand, time, savings, and other deposits, including negotiable orders of withdrawal accounts, as well as interest-bearing transaction accounts, money market accounts, and certificates of deposit. It also offers commercial real estate term loans, residential mortgage loans, and construction and land development loans; home equity lines of credit; commercial and industrial loans; and consumer loans comprising loans to purchase automobiles and other consumer durable goods. In addition, the company provides commercial and retail online banking, automated bill payment, mobile banking, and remote deposit capture services. River Financial Corporation was founded in 2006 and is headquartered in Prattville, Alabama.
Historical performance
Stock information
Market capitalization: $237417840
P/E ratio: 8.6351
Dividend yield: 0%
Company summary
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; payments and cross-border financing; and cash and derivative instruments, risk management solutions, prime brokerage, and research. This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small and midsized companies, local governments, nonprofit clients, and large corporations; and commercial real estate banking services to investors, developers, and owners of multifamily, office, retail, industrial, and affordable housing properties. The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; and retirement products and services, brokerage, custody, estate planning, lending, deposits, and investment management products. The company also provides ATM, online and mobile, and telephone banking services. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
Interactive Brokers Group, Inc. operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors. In addition, it offers custody, prime brokerage, securities, and margin lending services. The company serves institutional and individual customers through approximately 150 electronic exchanges and market centers. Interactive Brokers Group, Inc. was founded in 1977 and is headquartered in Greenwich, Connecticut.
Historical performance
Stock information
Market capitalization: $34094241792
P/E ratio: 28.8333
PEG ratio: 1.81
Dividend yield: 0.0049%
Company summary
Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services. The company also provides acceptance solutions, which include Cybersource that provides modular and value-added services for connecting merchants to payment processing; risk and identity solutions, such as Visa Advanced Authorization, Visa Secure, Visa Risk and Decision Manager, Visa Consumer Authentication Service, and payment-decisioning solutions for fraud prevention; and Visa Consulting and Analytics, a payment consulting advisory services. It provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brand names. The company serves merchants, financial institutions, and government entities. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.
Coinbase is the largest cryptocurrency exchange in the US, with over 43 million verified users and US$90 billion in platform assets. Its global network is over 115,000 partners strong and spans 100 countries. Private trading of its shares in March 2021 suggests a US$90 billion valuation, up US$13 billion from its February valuation.
With the release of Coinbase’s S-1 filing, we were able to take a closer look at the company’s financials.
As of December 31, 2019
As of December 31, 2020
Coinbase revenue
US$533.7 million
US$1.27 billion
Coinbase net income (loss)
(US$30.3 million)
US$127.4 million
In 2019, Coinbase reported US$533.7 million in revenue and a net loss of US$30.3 million. In 2020, its revenue rose to US$1.27 billion and it reported a profit of US$127.4 million.
Rising revenue and falling losses is a promising trend — so long as Coinbase can continue its profit-making trajectory. But no investment is free from risk and the inherent volatility of the crypto sector may prove a determining factor in Coinbase’s profitability.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Should you buy Coinbase shares?
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