MARA vs. COIN: Which Cryptocurrency Stock Is Better?
In this article, I evaluated two cryptocurrency stocks : Marathon Digital Holdings (MARA) and Coinbase Global (COIN) . A closer look suggests neutral v iews for both, although a winner does emerge upon deeper analysis. Marathon Digital is a cryptocurrency miner. In addition, it focuses on the blockchain ecosystem and the creation of digital assets. Meanwhile, Coinbase is a cryptocurrency exchange that provides end-to-end financial infrastructure and technology for the crypto economy. In terms of price performance, shares of Marathon Digital have tumbled 27% year-to-date but are still up 27% over the last year, while Coinbase stock has gained 8% year-to-date and has soared 134% over the last 12 months. With such a difference in their price performances, a deeper dive is necessary to see whether that difference is warranted. While the two companies serve different parts of the crypto ecosystem, they both are greatly affected by bitcoi...