What Could Happen To The Price Of Bitcoin As Coinbase Goes Public?
As Coinbase is set to go public via direct listing, how will Bitcoin (and the BTC price) be impacted?2021 is shaping up to be a landmark year for the cryptocurrency landscape. While bitcoin is continuing to discover new all-time price highs, one of the industry’s leading exchanges, Coinbase, is set to go public via a direct listing — heralding a new era for digital finance. According to Bloomberg, shares in Coinbase traded between $350 and $375 based on a recent private Nasdaq auction — indicating a pre-IPO company value of up to $100 billion. How Bitcoin Has Grown Coinbase SourceAs....
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The highly anticipated public listing of Coinbase stock is leading Bitcoin and Ether to rally, but what will happen afterward? Bitcoin (BTC) and Ether (ETH) have continually surged toward record highs, causing the futures market of Bitcoin to see a substantial increase in volume and open interest. The term “open interest” refers to the total sum of active trades in the Bitcoin derivatives market. Currently, the open interest of the Bitcoin futures market is hovering at historic highs, currently $27.43 billion.Following the Coinbase listing, traders and investors generally anticipate the....
Cryptocurrency exchange Coinbase has revealed user and revenue details in an SEC filing ahead of going public. The post Coinbase Files S-1 Registration Ahead Of Going Public appeared first on Bitcoin Magazine.
Cryptocurrency exchange Coinbase has announced its plan to go public via a direct listing of its Class A common stock. The post Coinbase Announces Intention To Go Public With Direct Listing appeared first on Bitcoin Magazine.
It’s official. Coinbase is the first company in the crypto space to break into the Fortune 500 list. And the exchange wasn’t on the tail-end either – it is currently listed as second in revenue growth at 514%, next to Moderna. Every company is anxious to get into the A-list, and Coinbase made it happen. […]