Jim Cramer Thinks These 13 Stocks Will Benefit From the New Administration

2. Coinbase Global, Inc. (NASDAQ:COIN)

Number of Hedge Fund Holders: 42

Cramer mentioned that Coinbase Global, Inc. (NASDAQ:COIN) stock was up 74% as of November 25. The company offers infrastructure and technology for the crypto economy, including financial accounts for consumers, a marketplace for institutional transactions, and tools for developers. In October, it reported approximately $190 million in transaction revenue. The company anticipates that Q4 subscription and services revenue will fall between $505 million and $580 million.

Although the company remains focused on expanding native units in areas such as staking, custody, and on-platform USDC, its Q4 forecast accounts for several challenges. These include a 10% decline in the average price of Ethereum in October compared to the Q3 average, as well as interest rate cuts that reflect market expectations.

In terms of new product offerings, in November, Coinbase (NASDAQ:COIN) launched the Coinbase 50 Index (COIN50), a benchmark tracking the top 50 digital assets listed on Coinbase Exchange that meet specific criteria.

Developed in partnership with Coinbase Asset Management and Market Vector Indexes, the COIN50 helps traders monitor market trends and the overall performance of the cryptoeconomy. The index evaluates assets based on factors like token economics, blockchain structure, and security, with all assets subject to Coinbase’s strict vetting process. Currently covering about 80% of the total crypto market cap, the index is expected to expand further.