Coinbase Global (COIN) is, in fact, a highly profitable enterprise. As per the current financial report, it boasts a gross margin of 85% and a profit margin of 40% (Few companies can reach such figures. In terms of influencing factors, trading volume is more relevant. For instance, the significant price increase during the election period was not strongly correlated with its own stock price (in contrast to MSTR and mining stocks). Additionally, major institutions might have established their own trading platforms. At present, the stock price of Coinbase Global appears to be at a relatively low level. It would be advisable to maintain a wait - and - see attitude for further observation.
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