5 Best Active Stocks to Buy Now

4. Coinbase Global, Inc. (NASDAQ: COIN)

Number of Hedge Fund Holders: N/A    

Coinbase Global, Inc. (NASDAQ: COIN) is a Delaware-based cryptocurrency exchange platform. It is placed fourth on our list of 10 best active stocks to buy now and was founded in 2012 by billionaire Brian Armstrong. The firm has more than 1,200 employees that all operate remotely. The company lets users invest, store, spend, earn, and use crypto assets. Coinbase stock is one of the most active on the market with a high trading volume. However, it is also one of the most volatile, falling more than 30% since it debuted on the market last month. 

On May 13, Coinbase Global, Inc. (NASDAQ: COIN) COO Emilie Choi, in a rejoinder to Elon Musk questioning the energy usage of crypto mining and sending crypto stocks plummeting, said that more than 75% of miners used renewable energy to do their work.  Crypto stocks have rebounded after the Musk questions and Coinbase has surged more than 2% since the fall last week.