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-0.00016866606227991 -0.00099133478105032 0.00221374206742428 0.00432206784592358 0.00584006240644301 0.0187670510847337 0.0127882608420654 0.0137252008180304
Stock impact report

Coinbase is late to stocks—but CEO Brian Armstrong says it will win in the long run [Fortune]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Fortune
Now, Armstrong's firm is pushing into a decidedly different market: Stocks, where it will compete with the likes of Schwab, Fidelity and arch-rival Robinhood. Recommended Video The decision to add stocks is part of Coinbase's plan to be an “ everything exchange ” where users can invest in stocks, prediction markets and more. The move makes strategic sense for Coinbase as a way to diversify its revenue streams and build a broader base of customers—provided it can pull it off. And that's far from certain. A recent report pointed out that the share price of Robinhood, which has been blending stock and crypto offerings for years, has significantly outperformed Coinbase in recent years. Is it too late for Coinbase to catch up? Armstrong doesn't think so. In a recent interview, he said the company is playing a long game and that, in an era where assets of all sorts are moving to the blockchain, Coinbase will be a cornerstone of the next era of mainstream finance. “We have deep crypt Show less Read more
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