On the back of bitcoin’s record-setting start to the year, Coinbase posted an estimated profit between $730-800 million in Q12021. It also broke records for assets under management, revenue, verified users, and active users. This stellar performance places Coinbase in an ideal position for its upcoming direct listing. That said, investors still need to make several important decisions regarding how much of their portfolio to allocate to the stock, as well as the timing of their purchase.
Here are Forbes’ takeaways from its earnings call on Tuesday, April 6: