The next level
Coinbase is just a proof of the future of digital currency.
Coinbase founded by Brian Armstrong and Fred Ehrsam in 20 June 2012 have been valued at nearly $100billion in less than a decade.
Coinbase opens at $381 per share, valuing the crypto exchange at nearly $100B. Coinbase offering will become the first large-scale direct listing on the Nasdaq, an alternative to an IPO.Coinbase listed its stock directly, allowing employees and existing shareholders to sell shares immediately at a market-based price. The process was standardized with the help of tech companies like spotify, Slack, Palantir and Roblox also pursing for a direct listing.as a way to simplify the purchase of bitcoin, Coinbase has emerged as the most popular crypto exchange in the U.S. and soared in value alongside digital currencies bitcoin and ethereum. The service now has 56 million users, up from 43 million at the end of 2020 and 32 million the year before that. In its last private financing round in 2018, investors valued Coinbase at $8 billion.
With the top two cryptocurrencies having an edge in the market and the world becoming more aware of the value overtime on the future.
Without doubt the listing provides the company to get more funds and a surging growth in the market.
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