Coinbase’s Path to Sustainable Profit Is Unclear, Says Analyst. The Stock Drops.

Competition, regulatory uncertainties, pricing and an “unclear path to sustainable profitability” are all concerns one Wells Fargo analyst has when it comes to

Coinbase Global

Coinbase (ticker: COIN) is a platform that allows people to trade cryptocurrencies. The stock has fallen 76% in 2022 amid the “crypto winter” and questions surrounding government regulation as the White House puts pressure on the crypto industry.