5 Best Fintech Companies and Stocks in 2021

3. Coinbase

Coinbase is a cryptocurrency exchange platform with a virtual presence only. The company was founded by Brian Armstrong and Fred Ehrsam in 2012 and is the largest cryptocurrency exchange in the US in terms of the volume of crypto going through its exchange  It is 3rd on our list of top 10 best fintech companies and stocks in 2021. The company announced a Visa debit card program in October 2020, and also purchased digital asset trading firm Tagomi for an undisclosed amount. Earlier this year, Coinbase Global, the parent firm of Coinbase, filed for an initial public offering in the US. 

Coinbase has more than 43 million verified users with at least 2.8 million of them using the platform monthly. The firm posted a profit of $322 million in 2020. The fortunes of the exchange remain tied to the ups and downs of cryptocurrency Bitcoin. In 2019, when Bitcoin prices were falling, the company registered $30 million in losses. In 2020, as Bitcoin rallied, the company posted a revenue of more than $1.3 billion.