How To Invest In Coinbase Stock From India?

Coinbase Global Inc (ticker: COIN) is a cryptocurrency exchange that was founded in 2012 by Brian Armstrong and Fred Ehrsam. The COIN stock became a sensation in 2021 when the company went public. 

In this story, we'll walk you through Coinbase's past performance, COIN stock fundamentals, and how you can buy Coinbase stock (COIN) from India for as low as $1 using the Cube Wealth app. 

Important: Please consult a wealth coach or financial advisor before investing in any US stock.

When Did Coinbase Go Public?

Coinbase went public in April 2021. However, the crypto company took the unconventional 'direct listing’ approach instead of the general IPO approach favoured by larger companies. 

The COIN stock started at a reference price of $250 but jumped to $328.28 at the end of its first day on NASDAQ. Coinbase has a market cap of $58.09 billion* which is higher than Roku, Spotify, Twitter, etc.

The Fundamentals Of Coinbase Stock (COIN)

1. Stock Name: Coinbase Global Inc (COIN)

2. Share Price: $305.49*

3. Market Cap: $$58.09 Billion

4. Beta: 1.24

5. P/E Ratio: 180.21

6. 52 Week Low: $282.07 

7. 52 Week High: $429.54

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Historical Performance Of Coinbase Stock (COIN)

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Benefits Of Coinbase Stock (COIN)

1. Strong user base of 56 million+ crypto-traders.     

2. Estimated total revenue of nearly $1.8 billion** for the first quarter of 2021. 

3. Estimated crypto asset market share of more than 11% totalling up to nearly $223 billion** for the first quarter of2021.

4. Coinbase hosts more than 90+ crypto products. 

5. Estimated net income between the range of $730 million to $800 million** for the first quarter of 2021. 

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Cons Of Coinbase Stock (COIN)

1. Coinbase's growth is interconnected with the volatility of the crypto market.

2. Heavy competition from the likes of Binance, Kraken, and more. 

3. Relatively nascent company in an equally nascent domain of cryptocurrency. 

Want to know more about Coinbase? Read the complete COIN story here

How To Invest In Coinbase Stock (COIN) From India Using Cube Wealth?

The Cube Wealth app is the most reliable and efficient way to buy Coinbase stock (COIN) from India. Cube makes it easy for you to invest in US stocks with a low minimum amount of $1 (₹74.75). 

Furthermore, Cube helps you open a brokerage account with DriveWealth, Cube's US brokerage partner. You can invest in US stocks in two ways after opening a US brokerage account:

1. Yourself

• Download Cube Wealth
• Complete the KYC process
• Go through LRS formalities 
• Select Coinbase stock (COIN)
• Invest as little as $1
  

2. With advice

• Download Cube Wealth
• Complete the KYC process
• Go through LRS formalities 
• Get buying advice 
• Invest as little as $1
• Get selling advice 
  

Cube gives you access to top-quality US stock advice from Registered Investment Advisor (RIA) Rick Holbrook. Rick has over 40 years of experience with US equities and manages ~$130 million for HNIs.

Download the Cube Wealth app for free

Watch this video to know more about buying US stocks using Cube Wealth

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*Facts & figures are accurate as of 26-04-2021.

**Data accurate as per estimated results announced by Coinbase.