Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MrSpasybo on April 12, 2021, 12:57:54 AM
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Information regarding COIN shares of Coinbase, the most prestigious exchange in the world, will be listed on the Nasdaq stock exchange is getting the attention of crypto community.
It is possible to notice some special things:
+ Direct listing instead of IPO: IPO is conducted only to raise more working capital and increase business value, while Coinbase has enough money and reputation for self-development;
+ Valued at a very high price: 100B USD;
+ There is a lot of positive news regarding Q1 2021 earnings and CEO earnings.
This successful event will have a lot of impact on the crypto market:
+ The existence of a company in crypto sector is officially accepted by stock market;
+ Investors can invest in COINs to get profits from Coinbase instead of buying and preserving crypto directly;
+ Changing the views of many people about crypto market;
+ Restoring the IPO wave of many large companies in the crypto field.
Previously we saw Bitmian try an IPO in Hong Kong but failed. But the case of Coinbase will cause many other large companies, especially exchanges like Binance or Kraken, to want to go public or list stocks. Kraken made his first move, and CZ has always been known for being ambitious. And I believe Bitmain has not given up on the stock market.
Do you think that after Coinbase we will have another wave of IPOs from the biggest companies in crypto market? Does CZ want to take advantage of the IPO to help BNB take the 2nd position of ETH?
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The coming success of Coinbase in its direct listing strategy of the COIN stock will certainly create a lot of ripples in the world and market of cryptocurrency. This can embolden other big exchanges who are already successful on their own to also seek the same strategy. I heard that Kraken is planning to use the same route of Coinbase. Other big exchanges might be planning to also do their thing. This is proving once again that we are right now in a bullish state and I am sure that it can stay this way for the whole 2021.
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Recently i have also got a news of Stock tokens is going to list on Binance which can boom these tokens.
Also tge COIN listing is also interesting and will make crypto exchanges more public. Thus can also catch the attention of many people who are not in crypto.
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It's very funny that Binance overtook them) today I learned that Tesla tokens are traded on the exchange. The price is $ 700, as the exchange declares, if you buy tokens, then you have the rights to devidends. https://www.binance.com/ru/stock-token/trade/TSLA_BUSD
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Coinbase like Binance, is always a torchbearer in the cryptocurrency world. This IPO/Direct Listing would usher in a mass adoption awareness and would make crypto more transparent and regulated. I guess Binance should be next in the IPO stuff, but it wouldn't do such in either China or the US. Probably Singapore