Coinbase, one of the largest cryptocurrency exchanges in the United States, is planning to go public in early 2021. The company filed for a direct listing on the Nasdaq stock exchange on Thursday, December 31st, 2020. This move would make Coinbase the first major U.S. cryptocurrency exchange to list on a public stock exchange. The company did not disclose how many shares will be offered or their price range. Coinbase was founded in 2012 and is based in San Francisco. The company has more than 35 million verified users in over 190 countries. Coinbase allows users to buy, sell, and store cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The company also offers a cryptocurrency trading platform called Coinbase Pro. Coinbase went through a Series C funding round in 2018 that raised $300 million and valued the company at $8 billion. The company is now reportedly worth $100 billion.
Coinbase Stock Price Prediction 2025
It’s no secret that Bitcoin and other cryptocurrencies have been on a tear over the past year. The total market capitalization of all digital assets has surged from around $200 billion in January 2020 to over $2 trillion today. And leading the charge has been Coinbase, the largest cryptocurrency exchange in the United States.
Coinbase went public on April 14th at a reference price of $250 per share. The stock opened for trading on the Nasdaq at $381 per share, giving the company a valuation of $86 billion. That makes Coinbase the most valuable U.S. exchange, ahead of Nasdaq ($69 billion) and the New York Stock Exchange ($67 billion).
Investors have been bullish on Coinbase given the tremendous growth in the cryptocurrency market. The company reported first-quarter revenue of $1.8 billion, up nearly 900% from the same period a year ago. And it now has 56 million verified users, up from 43 million in the fourth quarter.
Looking ahead, the question for Coinbase is whether this growth can be sustained. The cryptocurrency market is notoriously volatile, and a sharp pullback could quickly erase Coinbase’s gains.
Still, there’s reason to believe that Coinbase could continue to thrive in the years ahead. Here are three reasons why the stock could continue to rise:
- Institutional investors are warming up to cryptocurrencies
One of the key drivers of Coinbase’s growth has been the influx of institutional investors into the cryptocurrency market. In the first quarter, institutional investors accounted for nearly 60% of Coinbase’s trading volume.
This trend is likely to continue in the quarters ahead as more institutions look to get exposure to cryptocurrencies. For example, BlackRock, the world’s largest asset manager, recently announced that it would start offering two Bitcoin exchange-traded funds (ETFs) in Canada.
- Coinbase is expanding beyond trading
Coinbase is also looking to expand its business beyond just trading. The company recently launched a new platform, Coinbase Prime, that offers custodial services, lending, and other features for institutional investors.
Coinbase is also looking to get into the payments business. The company has been working on a new product.
2 Reasons For The Price Increase
- The first reason is that the number of people using Coinbase has been increasing rapidly. In the past month alone, Coinbase has added over 4 million new users. This increasing demand for Coinbase is causing the price to increase.
- The second reason is that Coinbase has been adding new features and services. For example, Coinbase recently launched Coinbase Prime, a service for institutional investors. This new service is driving up the price of Coinbase.
- The Future Of Coinbase
The Future Of Coinbase
It’s been a wild ride for Coinbase over the past few years. The popular cryptocurrency exchange has seen its fair share of ups and downs, but things seem to be stabilizing as the company goes public. So, what does the future hold for Coinbase?
In the short-term, Coinbase will focus on growing its user base and expanding its services. The company recently launched Coinbase Prime, a platform for institutional investors, and it plans to roll out more products and features aimed at this market. Coinbase is also looking to enter new markets, with plans to expand into Japan and South Korea in the works.
In the longer term, Coinbase has its sights set on becoming the global platform for crypto assets. The company wants to build the infrastructure that will enable people to easily buy, sell, and use cryptocurrencies no matter where they are in the world. This is a tall order, but if anyone can do it, Coinbase can.
The next few years will be crucial for Coinbase as it looks to solidify its position as the leading cryptocurrency exchange. With its strong team, impressive track record, and loyal user base, Coinbase is well-positioned to succeed. The future looks bright for the company, and we can’t wait to see what it accomplished in the years to come.
How to Invest in Coinbase
As one of the most popular cryptocurrency exchanges in the world, Coinbase allows you to buy and sell digital currencies such as Bitcoin, Ethereum, and Litecoin. In addition to being a popular exchange, Coinbase is also a digital wallet where you can store your cryptocurrencies. If you’re thinking about investing in Coinbase, here’s what you need to know.
Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam. It’s headquartered in San Francisco, California. As of February 2021, Coinbase had 30 million verified users. In 2019, it was the most popular crypto exchange in the United States.
Coinbase allows you to buy and sell cryptocurrencies. It also allows you to store them in a digital wallet on the platform. You can buy cryptocurrencies with fiat currencies, such as US dollars, or with other cryptocurrencies.
Coinbase has been growing in popularity as more people invest in cryptocurrencies. In 2017, Coinbase added support for Ethereum. In 2018, it added support for Litecoin. And in 2019, it added support for Bitcoin Cash.
Coinbase has been expanding its services beyond just being a cryptocurrency exchange. In 2018, it launched Coinbase Ventures, a venture capital fund. In 2019, it launched Coinbase Custody, a storage service for institutional investors.
Coinbase went public on the Nasdaq in April 2021. The stock ticker is COIN. As of May 2021, the market capitalization was $86.4 billion.
Coinbase is one of the most popular cryptocurrency exchanges and allows you to buy and sell digital currencies such as Bitcoin, Ethereum, and Litecoin. If you’re thinking about investing in Coinbase, here are a few things you should know.
Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam. It’s headquartered in San Francisco, California. As of February 2021, Coinbase had 30 million verified users. In 2019, it was the most popular crypto exchange in the United States.
Coinbase allows you to buy and sell cryptocurrencies. It also allows you to store them in a digital wallet on the platform. You can buy cryptocurrencies with fiat currencies, such as US dollars, or with other cryptocurrencies.
