Stablecoins Are the Key to Coinbase's Future

By Travis Hoium – Jul 12, 2024 at 6:05AM

NASDAQ: COIN

Coinbase Global

Market Cap

$53B

Today's Change

(6.54%) $12.97

Current Price

$211.40

Price as of August 23, 2024, 4:00 p.m. ET

Coinbase partner Circle is the first to be approved to operate in Europe.

Stablecoins provide hundreds of millions of dollars in revenue to Coinbase (COIN 6.54%) each year, and approval for partner Circle to operate in Europe is another step toward being the global standard. In this video, Travis Hoium shows why this is such a big deal for Coinbase.

*Stock prices used were end-of-day prices of July 10, 2024. The video was published on July 11, 2024.

Travis Hoium has positions in Coinbase Global. The Motley Fool has positions in and recommends Coinbase Global. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.