Coinbase Preparing for IPO
Coinbase wordmark above a line graph

Coinbase Preparing for IPO

By Tank | The Future Is Digital | 9 Jul 2020


Reuters reported this morning that Coinbase is getting ready to IPO, possibly as early as this year.

The article doesn't have a lot of facts to back it up, and only specifies the source as "three people familiar with the matter".

Everyone here has heard of Coinbase. Coinbase.com is ranked #1,431 in global engagement, and does over $330 million in trading a day.  They support 30 different coins, and have over 35 million users.  They are a popular mainstream name when it comes to investing in cryptocurrencies.

If Coinbase were to IPO, it would cause a lot of investors to become much more aware of the cryptocurrency movement.  Yes, everyone was paying attention at the end of 2017, but it ceased to become more than a novelty for mainstream users and investors who prefer the familiarity of the stock market.

Hopefully Coinbase will become a bridge between the stock market world and cryptocurrencies, causing investors to feel more comfortable with transitioning investment assets into crypto.

I'm feeling bullish.

Bitcoin B icon with the wall street bull statue appearing through it.


Tank
Tank

Nerd, dreamer, learner, musician, traveler, designer, audio engineer, creator, writer, and privacy advocate. Keyboard viking. Drinker of coffee.


The Future Is Digital
The Future Is Digital

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