Published on 8 Oct 2021 on Insider Monkey via Yahoo Finance

10 Stocks Better than Coinbase (COIN) According to Hedge Funds

In this article, we discuss the 10 stocks better than Coinbase according to hedge funds. If you want to skip our detailed analysis of these stocks, go directly to the 5 Stocks Better than Coinbase According to Hedge Funds.

After a record rally through the past year, the prices of crypto stocks have taken a beating over the past few months amid concerns around regulation and a crackdown in China. Coinbase Global, Inc. (NASDAQ:COIN), the Delaware-based financial infrastructure and technology firm for the crypto economy, is perhaps the most prominent crypto stock on the market. After a record debut on the market in April, the stock has fallen sharply from a record high of $429 per share on April 14. It was trading at around $251 per share on October 8.

Despite the setback, crypto stocks like Coinbase Global, Inc. (NASDAQ:COIN) are on the comeback trail as the price of Bitcoin, the most popular cryptocurrency, rises again. Bitcoin touched a record high of $64,000 in April before falling to below $40,000 within weeks. Presently, the coin is trading at around $55,000. The Delaware-based firm has also started taking concrete measures to stabilize the stock, including a proposal to pitch crypto regulations to officials in the US government.