Crypto Stocks to Watch: Coinbase, Robinhood, and Galaxy Digital

The Crypto Fear and Greed Index suggests that the current bull run may continue. Three top crypto stocks to buy are Coinbase, Robinhood, and Galaxy Digital.

Coinbase stock has recovered from its recent low of $137.87 to the current price of $178. As the largest crypto exchange in the US, it stands to benefit directly from a bull market due to its significant holdings of key coins, including 17,311 Bitcoin valued at over $1.3 billion and over 150,000 Ethereum coins worth more than $365 million.

A potential new bull run could also boost Coinbase's transaction revenue, which fell by 15% quarter-over-quarter in the last period. Additionally, a rising crypto market may drive people to stablecoins, of which Coinbase is an important part, with its USD Coin (USDC) market capitalization jumping from $71 billion to over $73 billion this month.