2 Reasons to Buy Coinbase Stock Like There's No Tomorrow

Coinbase's valuation looks sky-high, but there's more to the story than meets the eye. Dig into two game-changing details below.At first glance, Coinbase Global (COIN -6.56%) looks like a terrible investment right now.The stock price has more than tripled in 52 weeks. The cryptocurrency exchange operator's shares trade at the lofty valuation of 103 times free cash flows and 950 times earnings. I mean, it's enough to make even seasoned growth investors reach for the smelling salt.Many investors won't look an ...