Bernstein: Coinbase needs to be valued as an exchange or brokerage because of its massive retail bas

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  • CNBC Television published this video item, entitled “Bernstein: Coinbase needs to be valued as an exchange or brokerage because of its massive retail bas” – below is their description.

    Harshita Rawat, senior research analyst at AB Bernstein, discusses Coinbase’s first earnings report since going public, and how the company should be viewed by investors now, as more of an exchange like the NYSE or as a digital payments provider like PayPal.

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    In This Story: Coinbase (Nasdaq: COIN)

    Coinbase, Inc. (Nasdaq: COIN) is an American cryptocurrency exchange platform that operates remote-first without an official physical headquarters. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam, and as of March 2021, was the largest cryptocurrency exchange in the United States by trading volume. Coinbase IPO’d on the Nasdaq exchange on 14 April 2021, via a Direct Listing, they carry the stock ticker COIN.

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