I haven't see a lot of discussion here regarding Coinbase IPO.
https://capital.com/coinbase-ipo-everything-you-need-to-know-about-the-first-crypto-exchange-stock-listingCoinbase eyes global expansion with thousands of cryptocurrencies
Founded in 2012 in California, Coinbase is the largest cryptocurrency exchange in the US. It has more than 35 million users in over 100 countries that buy, sell, store, use and earn cryptocurrency via its platform. The exchange generates most of its revenue from trading commissions. So far, it has traded more than $320bn in volume.
The company says on its website: “We see cryptocurrency as the future of money and a catalyst for creating an open financial system around the world.”
Personally, I think a Coinbase IPO may be amazing for bitcoin price in mid-term.
I know there are many institutional funds which cannot buy BTC directly due to regulations, such as pension funds. But those funds might be able to have some exposure to bitcoin while buying a Coinbase Stock. As Bitcoin price rises, coinbase will get more profits and its stock price will also go up.
And vice-versa. As coinbase performs well, it will attract more clients to buy bitcoin.
It is a win-win game for bitcoin and bitcoin holders. I hope also that as their IPO finishes they will also have more transaparency, becoming a more reliable exchange. But be ready for more rigid KYC obligations....
