As a long-term investment, cryptocurrency platform Coinbase (COIN) offers an intriguing proposition. Fundamentally, when cryptos first sprouted onto the scene, very few people knew about blockchain assets. And even when they did, accessibility represented a major obstacle. At the time, most folks didn’t know how to acquire blockchain-derived assets.
While Coinbase isn’t the first consumer-friendly crypto platform, it quickly became the benchmark for the industry. Via bank account and credit card connections, lay investors could easily pick up units of their favorite digital assets much like they would buy blue-chip stocks via an online brokerage account. Coinbase ushered in a new era of accessibility for cryptos, an accomplishment that deserves respect.
