Beginner's Guide to Trading Coinbase Stocks: Step-by-Step Instructions
Coinbase Company Overview
Coinbase Global, Inc. engages in technology and financial infrastructure products and services. It offers crypto-powered technologies including self-custody wallets, decentralized apps and services, and open community engagement platforms. The company was founded by Brian Armstrong in May 2012 and is headquartered in Wilmington, DE.
How To Buy Coinbase Stocks & Shares
Step 1: Opening a Brokerage Account
To start trading stocks, the initial step is to acquire a brokerage account. When choosing an online stock brokerage, there are two critical factors to consider: brokerage offerings and a user-friendly platform. Moomoo app would be helpful.
Step 2: Deciding how many shares to buy
To gain initial experience, it's wise to paper trade using a stock market simulator. Alternatively, start with a small investment amount.
Step 3: Buying stocks using the right order type
To master stock buying, it's essential to understand three critical order types: market orders, limit orders, and stop orders.
Step 4: Placing the stock order with your brokerage
Coinbase's Stock Price Performance
Data as of: Aug 2, 2024
- Last 1 Month: -13.99%
- Last 6 Months: +61.69%
- Last 1 Year: +131.05%
- YTD: +20.14%
Institutional holdings of Coinbase stock?
Holder | Shares Held | Shares Held (%) | Change (Shares) | Change (%) |
|---|---|---|---|---|
| The Vanguard | 16,906,269 | 6.88% | 2,624,989 | +1.07% |
| FMR | 10,163,374 | 4.14% | 6,366,847 | +2.59% |
| BlackRock | 9,202,827 | 3.75% | 670,468 | +0.27% |
| The Brian Armstrong 2018 Irrevocable Trust | 7,301,833 | 2.97% | 7,301,833 | +2.97% |
| Paradigm Operations LP | 4,515,596 | 1.84% | 0 | +0.00% |
| State Street Global Advisors | 3,795,585 | 1.55% | -17,401 | -0.01% |
| ARK Investment Management LLC | 3,558,701 | 1.45% | -862,312 | -0.35% |
| Nikko Asset Management | 3,129,708 | 1.27% | -298,912 | -0.12% |
| Geode Capital Management, LLC | 2,822,257 | 1.15% | 110,079 | +0.04% |
| Morgan Stanley | 1,992,960 | 0.81% | 694,864 | +0.28% |
The institutional holding data provided indicates that Coinbase has recently been attractive to institutional investors. Notably, major institutions such as The Vanguard, FMR, and BlackRock have significantly increased their holdings, demonstrating a positive outlook on Coinbase. Additionally, the substantial new holding by The Brian Armstrong 2018 Irrevocable Trust reflects confidence in the future prospects of Coinbase. However, reductions by institutions like ARK Investment Management and Nikko Asset Management may suggest some concerns about Coinbase's market performance. Overall, the changes in institutional holdings present mixed signals about the market's view on its performance and growth potential.
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