It was a momentous day for the cryptocurrency industry as Coinbase, the largest US-based cryptocurrency exchange, made its public debut on the NAsdaq. The highly anticipated Coinbase IPO opened at $381 per share, giving the company a market capitalization of over $100 billion.
This makes Coinbase the first major US-based crypto company to go public and is a landmark event for the industry.
The listing comes at a time when Bitcoin, the world’s largest cryptocurrency by market capitalization, is on a roll, hitting new all-time highs almost daily. The bullishness in the crypto markets is largely due to institutional investors piling into the space.
NOTE: WARNING: Investing in Coinbase’s IPO is a high-risk venture and should only be attempted by experienced investors with a high risk tolerance. There is no guarantee that its stock price will continue to rise after the IPO opens. Before investing, investors should carefully analyze the company’s financial performance, understand the risks associated with investing in IPOs, and consult a financial advisor for advice.
And with Coinbase now public, it is likely that we will see even more institutional money flow into cryptocurrencies in the coming months.
While the listing is undoubtedly a positive for the crypto industry, it also raises some concerns. For one, it could lead to greater regulatory scrutiny of cryptocurrencies.
And secondly, it could make cryptocurrencies more susceptible to manipulation by big investors who now have a vested interest in seeing prices go up.
Only time will tell how things will play out for Coinbase and the crypto industry in general in the wake of this historic listing. But one thing is for sure – this is a watershed moment that will be remembered for years to come.
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It’s official: Coinbase is going public. The San Francisco-based cryptocurrency exchange announced Thursday that it has confidentially filed for a direct listing with the Securities and Exchange Commission. The move comes as bitcoin, ethereum and other digital tokens have soared in value over the past year, drawing mainstream attention to the little-regulated industry.
It’s official – Coinbase, one of the largest and most popular cryptocurrency exchanges, has filed to go public. The move is a major milestone for both the crypto industry and Coinbase itself, which has been widely anticipated since the company announced its intention to go public last year. The filing was submitted to the US Securities and Exchange Commission (SEC) on Thursday, March 18.
In December of 2017, Coinbase, one of the most popular cryptocurrency exchanges, experienced a major outage that left users unable to access their accounts or execute trades. The outage was caused by an issue with the underlying infrastructure that Coinbase uses to power its exchange. While the issue was resolved relatively quickly, it highlights the fragility of the infrastructure that supports the still-nascent cryptocurrency industry.
