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.
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,
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.
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:
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.
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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