The COIN was slowly and continuously increasing from $248.60 on August 26 to $271.68 on September 1. The day’s range of the stock is $258.63 – $272.10 while the market capitalization is $69.639 billion. Coinbase Global is the biggest cryptocurrency exchange in the United States. It includes more than 50 cryptocurrencies for trading, which are guided by Bitcoin and Ethereum. The main way of earning money for the company is the fee for the deposit and trade. More than 90% of the company’s revenue in 2020 is related to the fees from trading and storage services.
Just recently, the company reported the financial results for the second quarter where the earning $6.42 per share on sales of $2.22 billion. Additionally, it has announced that trading volume for the third quarter will be lower comparing to the second quarter. The shares of the company are trading approximately 40% off in the company’s post-IPO highs. The stock is no longer building the IPO base because of some weakness.
Agneta is still enjoying her trips to Asia and Africa while she works at Own Snap as an author and reporter. Very soon she will settle somewhere in Europe and run her startup enterprise.