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?