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Coinbase IPO performs like its retail customer support Up then Down

Coinbase_IPO

Coinbase IPO performs like its retail customer support Up then Down

 

ICYMI - yesterday Coinbase performed its Direct IPO on the NASDAQ exchange here in America.  It broke out of the gate and rapidly rose to a value greater than Fidelity & Vanguard at $100B (yep that's a B as in Billion), THEN prices tumbled dragging the entire market with it.  In my opinion CEO Brian Armstrong should be working harder to bring Crypto services to the American public than taking advantage of the free IPO publicity.  Well when you need Coinbase most its not available if you are a retail investor. 

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Summary - The Coinbase IPO performed like its retail customer support Up then Down!  Perhaps they will utilize most of their windfall funding to greatly enhance and improve its retail support, but I doubt it. Some might ask is this too harsh; nope! I will continue to avoid Coinbase!  

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Keith Thuerk
Keith Thuerk

Currently learning about Crypto and DeFi to combat the Inflationary Tidal wave coming our way!


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