The recovery in cryptocurrencies has helped companies like Coinbase (COIN 2.37%) recover a lot of what was lost during the pandemic. Not only is trading revenue picking up, the company is benefiting from higher interest rates and now the approval of Bitcoin (BTC 0.30%) ETFs.
In this video, Travis Hoium goes over the latest catalysts for Coinbase and shares why this is still a top growth stock to own today.
*Stock prices used were end-of-day prices of Jan. 12, 2024. The video was published on Jan. 15, 2024.
Travis Hoium has positions in Coinbase Global. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
