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What is Coinbase?
Coinbase is a cryptocurrency exchange platform founded in 2012 by Brian Armstrong and Fred Ehrsam with the intention of making crypto trading accessible to all. The Coinbase platform enables the buying and selling of digital assets such as bitcoin and ether via a digital wallet service, and also allows merchants to accept cryptos as payments.
Coinbase shares became tradable in 2021 through a direct listing, meaning it was able to sell shares directly to the public without involving underwriters to facilitate the sale. The IPO was notable in that it represented one of the first flotations of a cryptocurrency exchange, bringing it significant attention in the world of finance and beyond.
In the 2023 fiscal year, the company’s revenue amounted to some $3.1bn.
What is the Coinbase share price history?
The Coinbase share price history began in 2021 at an opening price of $381, peaking at just over $429 and closing that day at around $328. Throughout the year, the stock’s performance was impacted by increased regulatory scrutiny in the cryptocurrency market, meaning the share price was volatile. For example, in May that year the US Treasury announced it would require stricter compliance with IRS regulations, specifically targeting transfers of $10,000 or more worth of cryptocurrencies. Against this backdrop, the price fell as low as $216 in June, but by November had gained ground, reaching $350 alongside a general boom in cryptocurrency prices.
In July 2022 the stock fell below $50 for the first time during a general tech stock downturn and slump in crypto-related assets. Macroeconomic events such as rising inflation and higher interest rates dampened appetite for risk-on markets such as Coinbase. Moving into 2023 though, the Coinbase share price began to recover as bitcoin ETFs came to prominence, sending the share price to around $186 by the end of the year. And in 2024, the general resurgence of cryptocurrencies in the build-up to the much-publicised fourth bitcoin halving helped the Coinbase price past $280.
Past performance is not a reliable indicator of future results.
What factors might affect the Coinbase live share price?
The Coinbase live share price can be impacted by a range of key sector-specific fundamental events. Here are a few of the main factors that traders should watch out for.
Cryptocurrency market volatility: fluctuations in bitcoin and other prominent cryptocurrencies directly affect the trading volume and profitability of the related exchanges.
Regulatory approvals: changes in regulations such as the requirement for improved IRS compliance can impact the Coinbase share price since it has the potential to affect the reputation of the wider industry and consequently impact trading volume. Also, in 2021 Coinbase's share price dropped following the US Securities and Exchange Commission's threat to sue if Coinbase launched a crypto lending program, further demonstrating the impact of regulatory risks.
Technical and security issues: any significant downtime or security breaches are capable of harming the reputation of Coinbase and other exchanges. In 2019, a significant outage during a period of high traffic was enough to temporarily hit the Coinbase share price due to concerns over the company’s ability to handle trading spikes.
Competitive landscape: the entry of traditional financial institutions into the crypto space, such as PayPal offering cryptocurrency trading, can pressure Coinbase's market share and impact its stock.
Partnerships and expansion: any positive relationships with other sectors and major industry players can increase investor confidence in the cryptocurrency sector’s ability to expand and diversify. For example, in 2021 Coinbase announced a partnership with Apple and Google that would allow crypto payments via Apple Pay and Google Pay, which enhanced user engagement and had a positive effect on its share value.
What are the Coinbase stock trading hours?
The Coinbase stock trading hours are Monday to Friday from 2:30am to 9:00pm (UK time).
If you choose to trade CFDs, you can follow the Coinbase stock performance live in euros with the comprehensive Coinbase share price chart.
Monitoring the company’s activity can help you to keep an eye out for any key fundamental or technical events that may affect short-term movements in the share value.
How to trade Coinbase shares with CFDs
If you want to take a position on Coinbase shares, you have two options. First, you can buy physical shares in the company through the exchange on which it’s listed. In this case, investing in Coinbase stock means you will own a share, or shares, in the company. This can be considered a long-term investment, as you’re hoping for the price to rise over time.
Alternatively, you can trade a derivative product such as a contract for difference (CFD) on the underlying Coinbase stock market price, and speculate on its price movements without actually owning the asset. A CFD is a financial contract, typically between a broker and a trader, where one party agrees to pay the other the difference in the value of a security, between the opening and closing of the trade.
Unlike physical share ownership, you can either hold a long position (speculating that the price will rise) or a short position (speculating that the price will fall). This is considered a short-term investment or trade, as CFDs tend to be used within shorter timeframes.
The key difference between buying physical Coinbase shares and trading through a derivative is the leverage that is employed with the latter. CFDs are typically traded on margin, which means that a trader has exposure to larger positions with a relatively small outlay. This amplifies the potential profits, but also the potential losses, making leveraged trading risky. You can learn how to trade shares in our comprehensive guide to shares trading, and find out more about trading vs investing with our handy guide.
You can learn more about trading vs investing with our handy guide.
To trade Coinbase stock CFDs with us, just sign up for a Capital.com account, and once you’re verified, you can use our advanced web platform or download our intuitive yet easy-to-use app. It’ll take just a few minutes to get started and access the world’s most-traded markets.
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Why trade Coinbase CFDs with Capital.com?
Trading Coinbase CFDs with Capital.com means you’ll enjoy an intuitive, easy-to-use platform, 24/7 support, fair and transparent pricing, along with award-winning education to help build your experience in the markets.* You can seamlessly integrate our smart platform with elite third-party software TradingView and MT4, and refine your strategies with our risk-free demo.
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FAQs
Who owns Coinbase?
The ownership of Coinbase as of 2024 comprises institutions such as Vanguard and the investment firm Andreessen Horowitz, the investment firm of Marc Andreessen, who is also the largest individual shareholder.
What is the price of Coinbase shares today?
The price of Coinbase shares today is dependent on market conditions. If you’re trading this stock, it’s important to check out the Coinbase chart frequently to keep on top of price movements, as well as retain a strong understanding of the fundamental and technical influences that can cause the price to shift.
What market is Coinbase listed on?
Coinbase has been listed on the Nasdaq Stock Exchange under the ticker symbol COIN since its IPO in 2019.
How to invest in Coinbase
You can invest in Coinbase through buying and holding the physical share via a stockbroker or investing platform, with the goal to buy low and sell high. Alternatively, derivatives such as CFDs can give you leveraged exposure to the underlying price without ownership. However, leverage is risky and means that you may stand to lose more than your initial deposit.
You can create a CFD account and start trading by clicking on the link below.
Is Coinbase stock a good buy?
Whether Coinbase is a good stock to buy depends on risk tolerance, trading strategies, and market conditions. Technical indicators such as the RSI or MACD may help make sense of historical price action and develop your technical analysis skills. Meanwhile, a knowledge of fundamental factors like competitive standing, earnings releases, and the regulatory landscape are all essential to gain a handle on the fundamental drivers of price.