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How To Guide

How To Invest In Coinbase Stock From India?

Interested in buying Coinbase stock from India? Learn about the Coinbase stock (COIN) and its past performance. Find out how you can invest in COIN from India for as low as $1 using the Cube Wealth app.
October 12, 2023

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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

Buy Coinbase Stock From India For $1

Historical Performance Of Coinbase Stock (COIN)

Investment Facts
Source: Google


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. 

Invest In Coinbase Stock Now

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

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

Read our popular US stock stories on:

1. Tesla

2. NIO

3. Netflix

4. Salesforce

5. Facebook

Conclusion 

Investing in Coinbase stock provides exposure to the cryptocurrency sector, which has gained significant attention and interest in recent years. However, like all investments, it comes with inherent risks, and it's crucial to conduct thorough research, maintain a diversified portfolio, and make informed decisions aligned with your financial objectives and risk tolerance. Additionally, staying informed about the rapidly evolving cryptocurrency market is essential for successful investing.

FAQs 

1. What are the risks associated with investing in Coinbase stock?

Ans. Like all investments, Coinbase stock carries inherent risks, including market volatility, regulatory changes, and fluctuations in the cryptocurrency market.

2. Why is maintaining a diversified portfolio important when investing in Coinbase stock?

Ans. Diversification helps spread risk across different asset classes and reduces the impact of poor performance in any single investment. It's an essential strategy for managing risk.

3. What is the importance of staying informed about the cryptocurrency market?

Ans. Staying informed about the cryptocurrency market helps you make informed decisions, navigate market volatility, and adapt to evolving trends in the blockchain and digital asset space.

4. What is the potential long-term outlook for investing in Coinbase stock and cryptocurrencies?

Ans. The long-term outlook for Coinbase and cryptocurrencies depends on various factors, including adoption rates, technological advancements, and market sentiment.


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

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

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Priya Bansal
Curious about personal finance and all things money. Can either find me reading a book or dancing to a tune.

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