In October of 2012, NAS made an investment in Coinbase, one of the leading digital currency exchanges. At the time, Coinbase was one of the only exchanges allowing users to buy and sell Bitcoin, and was one of the early leaders in developing a platform for digital currency trading.
NAS’ investment in Coinbase was part of a larger trend of institutional investors putting money into digital currency companies. In the months leading up to NAS’ investment, a number of other firms had made similar bets, including Andreessen Horowitz and Union Square Ventures.
NOTE: Warning! Investing in Coinbase carries a risk of substantial loss. Before investing, it is important to conduct your own research and seek independent financial advice. You should also assess your own investment objectives, risk tolerance and financial situation before making any decisions. Additionally, be aware that Coinbase may be subject to regulation which could impact its share price.
Coinbase has since become one of the most valuable startUPS in the world, with a valuation of over $8 billion. The company has continued to grow and innovate, adding new products and services such as a custody service for institutional investors and a Visa debit card that allows users to spend their cryptocurrency balances anywhere Visa is accepted.
NAS’ early investment in Coinbase has paid off handsomely, as the company has become one of the most successful in the digital currency space. With its strong track record of growth and innovation, Coinbase is well-positioned to continue leading the way in this rapidly evolving industry.
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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.
It was a momentous day for Coinbase, as the popular cryptocurrency exchange made its public debut on the NAsdaq. It was a highly anticipated event, as Coinbase is one of the most well-known and respected names in the crypto space. The stock opened at $381 and closed at $328.
28, down 13.6% on the day.
NAsdaq, the world’s second-largest stock exchange, is reportedly invested in Coinbase, one of the leading cryptocurrency exchanges. The news was first broken by Business Insider, which cited “a person with direct knowledge of the matter.”
If true, this would mark a major vote of confidence in Coinbase and the cryptocurrency industry as a whole by one of the world’s most venerable financial institutions. NAsdaq’s investment is said to be part of a $15-$20 million funding round that values Coinbase at around $1.
6 billion.
