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| {{Cover Image|[[File:Coinbase cover.png]]}} | | {{Cover Image|[[File:Coinbase cover.png]]}} |
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| {{Infobox company | | {{Logo Image|[[File:Coinbase logo.jpg|thumb|200x200px]]}} |
| | name = Coinbase Global, Inc. | |
| | type = [[Public company]]
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| | traded_as = {{ubl|{{NASDAQ|COIN}}|[[Russell 1000]] component}}
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| | logo = Coinbase.svg
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| | founded = {{Start date and age|2012|06}} in [[San Francisco]], California, U.S.<ref name="jtimes" />
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| | location = [[Remote work|No physical offices]]{{efn|Legal address at [[Corporation Trust Center]]}}
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| | founders = {{ubl|[[Brian Armstrong (businessman)|Brian Armstrong]]|[[Fred Ehrsam]]}}
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| | industry = [[Cryptocurrency]]
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| | products = {{hlist|[[Bitcoin]]|[[Bitcoin Cash]]|[[Ethereum]]|[[Litecoin]]|[[Digital currency exchanger|exchange of digital assets]]}}
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| | area_served = 100+ countries
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| | key_people = {{ubl|Brian Armstrong|([[Chairman]] & [[Chief Executive Officer|CEO]])|Emilie Choi|(President & [[Chief operating officer|COO]])|Alesia Haas|([[Chief financial officer|CFO]])}}
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| | revenue = {{Decrease}} {{US$|3.19|link=yes}}{{nbsp}}billion (2022)
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| | operating_income = {{Decrease}} {{US$|-2.7}} billion (2022)
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| | net_income = {{Decrease}} {{US$|-2.6}} billion (2022)
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| | assets = {{Increase}} {{US$|89.7}} billion (2022)
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| | equity = {{Decrease}} {{US$|5.45}} billion (2022)
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| | num_employees = 4,510 (2022)
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| | owner = Brian Armstrong (19%)
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| | website = {{official website}}
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| | footnotes = {{notelist}}<ref name="10K">{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1679788/000167978823000031/coin-20221231.htm |title=Coinbase Global, Inc. 2022 Form 10-K Annual Report |publisher=[[U.S. Securities and Exchange Commission]] |date=February 21, 2022 }}</ref><ref name="DEF14A">{{cite web |url=https://www.sec.gov/Archives/edgar/data/1679788/000114036122015201/edge20001234x1_def14a.htm |title=Coinbase Global, Inc. 2022 Proxy Statement (Schedule 14A) |date=April 20, 2022 |publisher=[[U.S. Securities and Exchange Commission]] |access-date=August 12, 2022 |archive-date=August 12, 2022 |archive-url=https://web.archive.org/web/20220812053717/https://www.sec.gov/Archives/edgar/data/1679788/000114036122015201/edge20001234x1_def14a.htm |url-status=live}}</ref>
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| Goldman Sachs is launching coverage of Coinbase Global (COIN) with a Buy rating and a $306 price target for 36% upside. Goldman Sachs believes COIN brings 1) leverage to an ecosystem that has seen strong growth driven by increasing adoption of digital currencies, 2) a leading consumer platform with strong customer acquisition trends as well as a robust and rapidly growing institutional business, 3) an attractive business model that thrives on elevated cryptocurrency volatility, and 4) significant opportunities to add additional features and capabilities. While Goldman Sachs believes that the continued success or failure of cryptocurrencies as an asset class will inevitably determine COIN’s longer-term fate, it believes COIN represents a blue-chip way through which to invest in the development of the ecosystem, powered by 1) its careful approach to regulatory compliance and KYC/AML, 2) its crypto-native technology stack and deep talent pool, and 3) its role as an innovation hub for new crypto endeavors as a result of its status as critical industry infrastructure, and its venture arm. While Goldman Sachs believes the core business today offers an attractive growth profile with the potential to drive high levels of profitability, Goldman Sachs sees significant white space for new | | ==Summary== |
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| | Goldman Sachs is launching coverage of Coinbase Global (COIN) with a Buy rating and a $306 price target for 36% upside. Goldman Sachs believes COIN brings 1) leverage to an ecosystem that has seen strong growth driven by increasing adoption of digital currencies, 2) a leading consumer platform with strong customer acquisition trends as well as a robust and rapidly pto-native technology stack and deep talent pool, and 3) its role as an innovation hub for new crypto endeavors as a result of its status as critical industry infrastructure, and its venture arm. While Goldman Sachs believes the core business today offers an attractive growth profile with the potential to drive high levels of profitability, Goldman Sachs sees significant white space for new |
| initiatives to drive more stable and recurring revenue streams to complement the core trading business over the longer term. | | initiatives to drive more stable and recurring revenue streams to complement the core trading business over the longer term. |
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| Lastly, we note that at a more operational level, downside risks to our positive investment view on COIN include lower levels of crypto volatility and lower commission rates. | | Lastly, we note that at a more operational level, downside risks to our positive investment view on COIN include lower levels of crypto volatility and lower commission rates. |
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| == References ==
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| [[Category:Thesis]] | | [[Category:Thesis]] |
| [[Category:Equities]] | | [[Category:Equities]] |
| [[Category:Coinbase]] | | [[Category:Coinbase]] |
| __INDEX__ | | __INDEX__ |
| <references />
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