Newsflash: CNBC’s CryptoTrader Claims Coinbase is preparing for an IPO

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CNBC, COINBASE, CRYPTOTRADER

CNBC’s Ryan NeuNer, who hosts CryptoTrader, has promised to release details on the anticipated Coinbase Initial Public Offering.

CNBC previously reported that Coinbase was likely to take the “most obvious path” and become a public company.

According to screencaps published along with the tweet, Coinbase has approximately 25 million users, around 600,000 of whom trade monthly. Coinbase earned almost half a billion dollars last year, 80% of which was from consumers. The firm’s recent announcement that it had been approved as an independent custodian in New York will likely only improve its revenues.

The IPO prospects of Coinbase are interesting. It will be one of the first major stock symbols to be directly tied to the value and performance of crypto assets, in that the performance of the company very much relies on the health of the crypto economy. At the same time, it raises the question as to why investors wouldn’t simply invest in the currencies themselves as opposed to investing in one of a host of companies who facilitate acquisition, stewardship, and trading of such currencies.

In latest months, crypto organizations have floated the idea of pursuing initial public offeringstogether with Bitmain. the new reality gives Wall street investors a chance to play in cryptocurrencies with out absolutely getting their palms dirty in them. It also opens up new capital for the enterprise, which for years has been restrained usually to present crypto holders in phrases of swimming pools of capability capital.

paradoxically, the chaos and corruption of the traditional inventory marketplace and banking enterprise performed a primefunction in the development of Bitcoin. Satoshi’s first block famously blanketed a headline from a recent newspaper of the time:In latest months, crypto organizations have floated the idea of pursuing initial public offeringstogether with Bitmain. the new reality gives Wall street investors a chance to play in cryptocurrencies with out absolutely getting their palms dirty in them. It also opens up new capital for the enterprise, which for years has been restrained usually to present crypto holders in phrases of swimming pools of capability capital.

paradoxically, the chaos and corruption of the traditional inventory marketplace and banking enterprise performed a primefunction in the development of Bitcoin. Satoshi’s first block famously blanketed a headline from a recent newspaper of the time:

Newsflash: CNBC’s CryptoTrader Claims Coinbase is preparing for an IPO
Credit: Bitcoin.it

Now a decade later, companies built on, born and bred of Bitcoin and other cryptos are, in some senses, returning to the fold, offering traditional stocks to traditional investors and financial outfits. We come full circle and the new reality perhaps provide a degree of uncertainty for those who thought they’d figured the market out already.

Featured image from Shutterstock.

https://www.ccn.com/newsflash-cnbcs-cryptotrader-claims-coinbase-is-preparing-for-an-ipo/

 

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