Better Cryptocurrency Stock: Coinbase vs. Marathon Digital
Some investors might be intrigued by cryptocurrencies but reluctant to buy any of the volatile coins. For those investors, publicly traded companies that provide some exposure to cryptocurrencies might seem like better investments.
Coinbase (NASDAQ: COIN) and Marathon Digital (NASDAQ: MARA) are two such stocks. Coinbase owns the largest cryptocurrency exchange in the United States with 8.8 million monthly transacting users (MTUs), while Marathon Digital mines Bitcoin (CRYPTO: BTC) with over 22,000 miners.
Coinbase went public via a direct listing this April with a reference price of $250, but regulatory concerns recently caused its price to dip below that level. Meanwhile, Marathon's stock skyrocketed roughly 1,650% higher over the past 12 months as it transitioned from a patent-holding business to a bitcoin-mining company. So which of these volatile cryptocurrency stocks is a better investment right now?
Source Fool.com
