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Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: Dociko on March 27, 2021, 03:22:02 PM

Title: Catalytic event or unbridled optimism? Coinbase approaches public listing
Post by: Dociko on March 27, 2021, 03:22:02 PM

Is a $100-billion valuation justified? Profit margins could tighten with increased competition.
The Coinbase direct stock listing could be a rite of passage for the blockchain and cryptocurrency industry, and the announcement on March 20 by the United States Commodity Futures Trading Commission of a $6.5-million fine against Coinbase for “wash trading” and filing misleading information probably won’t do more than postpone by a few weeks the distinction of being the first crypto-native corporation to be listed on a major U.S. stock exchange.
Source: Cointelegraph (https://cointelegraph.com/news/catalytic-event-or-unbridled-optimism-coinbase-approaches-public-listing)