We came across a bullish thesis on Coinbase Global, Inc. on Artemis Big Fundamentals’s Substack by Kevin Li. In this article, we will summarize the bulls’ thesis on COIN. Coinbase Global, Inc.'s share was trading at $320.07 as of September 23rd. COIN’s trailing and forward P/E were 30.84 and 46.51 respectively according to Yahoo Finance.
Coinbase reported Q2 revenue of $1.497 billion, essentially in line with our onchain-based forecast of $1.495 billion, but below the Street’s $1.594 billion estimate. The exercise highlights the unique transparency of blockchain, where...
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