Coinbase is the most popular crypto exchange and It is mostly used by USA peoples. It was founded in 2012 by Brian Armstrong and Fred Ehrsam. It is the largest platform of a cryptocurrency exchange in the united states of America. In general, They provide the service of exchanging cryptocurrency and earn money in the form of brokerage.
The company has been growing since its founded and it registered its intention to carry out an IPO with the SEC, meaning that the company is going public in 2021.
Coinbase IPO information
Coinbase registered its intention to carry out an IPO with the SEC on 17 December 2020 and The news come out now. The Coinbase IPO release date is near according to Experts, They can launch the IPO of Coinbase in Q1 of 2021.
This document is currently confidential and that we won’t know the precise details of the IPO – just like the exchange, the corporate goes to list on or its target share price – until it’s successfully completed its registration with the SEC.
Coinbase IPO Date
The Coinbase IPO release date is near according to Experts, They can launch the IPO of Coinbase in Q1 of 2021. It is very good news for the investor who wants to invest in Coinbase.
How successful will the upcoming coinbase IPO be?
As we all know, Coinbase is the first cryptocurrency exchange which is going to provide IPO in USA. I think, USA SEC will take much time to approve there registeration. Because, They delay in very risky places.
Once it approved the IPO of Coinbase then it can be successful. Because, according to our study many people are ready to invest in there IPO. However, Invest in Coinbase IPO on your own risk.
What will do Coinbase IPO in the cryptocurrency market?
In reality, no one knows what the Coinbase IPO will do to the crypto market. All people can do is offer theories on what the IPO will do to the market based on mini-invest.
The most important and likely impact is that investors will view the Coinbase IPO as a Wall Street friendly way to get exposure to cryptocurrency.
This is important because there are not any other mainstream strategies to get exposure to cryptocurrency at the moment. Basically, commercial banks can invest in Coinbase stock as a sort of way to get exposure to cryptocurrencies. Why can they do this?
Coinbase holds a large amount of cryptocurrency. In fact, the entire business is based on cryptocurrency, so an increase in price will cause the stock price to increase in theory.
However, the problem with the Coinbase IPO is that institutional investors might flow into Coinbase rather than the underlying cryptocurrency. Again, this is because it’s simpler for institutions to purchase a stock than it is for them to buy cryptocurrency.
That said, the relationship between the price of Coinbase stock and the price of Bitcoin will be a little more complex than that. The price of Coinbase stock cannot simply keep increasing independent of Bitcoin.
In my opinion, the IPO will cause the price of Bitcoin to increase. Sure, some institutions will invest in Coinbase rather than cryptocurrency. But others will see cryptocurrency as a more direct method for investment and use that instead.
Most importantly, organizations will have the ability to short Coinbase stock and write options on it.
Basically, it comes down to this. Coinbase stock will serve as a derivative of cryptocurrency. And that’s huge because it will allow even more institutional capital to flow into space.
The huge benefit of the Coinbase IPO is that it will finally show that cryptocurrency can compete with Wall Street. Many experts have thought that the Coinbase IPO will be similar to the Netscape IPO in the early 1990s.
This will be the first time cryptocurrency has received attention from Wall Street.
Will Coinbase rise to the occasion and spur a cryptocurrency bubble similar to the dot-com bubble that launched the Internet into the mainstream? Or will the Coinbase IPO fall flat?
You probably know the answer by now. Cryptocurrency is here to stay and the Coinbase IPO is only the beginning of cryptocurrency taking over Wall Street.
According to me, Coinbase has the potential to parallel the Netscape IPO. So, If you want to invest in Coinbase IPO then you can invest in it. If you have any questions then you can be asked in the comment box below.