Up 90% in the last month. If the SEC approves a bitcoin ETF then coinbase stock will rocket as they are providing the market oversight for all the ETFs filed.
Downside risks is the SEC filed a complaint against coinbase as coinbase has listed many crypto tokens that they claim are securities.
Still trading at a big discount to its IPO price of $250, however at listing we were in a crypto bull market and coinbase was raking in fees.
Coinbase also has a stake in the stablecoin circle so is making money from the interest payments on the stablecoin, so hopefully will be returning to profit soon.