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Seeking Alpha 2022-06-24 18:42:21

When will it be safe to buy Coinbase amid worries of a crypto winter?

Coinbase (NASDAQ:COIN) has bounced off its 52-week low in recent weeks, as the stock recovers from the recent meltdown in the cryptocurrency market. However, worries remain about the crypto exchange, which has taken steps, including sizable job cuts, to prepare for a slump it warns could last for an "extended period." Has crypto bottomed out at these levels, making COIN an attractive buy for the recovery? Or does the crypto winter have a long time left before a thaw? Is a Crypto Winter Coming? Coinbase (COIN) came public last April in a direct listing, with the stock hitting the market with a reference price of $250. Shares jumped in their initial trading but retreated from there, spending a good chunk of the next few months below the reference price. COIN benefitted from a new wave of interest in October and early November, as a surge in crypto prices sent the

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