The Coinbase public listing is a big step for the biggest crypto exchange and a monumental transition for the rest of the crypto community. Another US-based crypto exchange Kraken is also testing waters to file for a public listing application with SEC.
At secondary markets, private trading platforms, and over-the-counter (OCT), the behemoth crypto exchange’s capitalisation is valued at $147 billion. This number is not only towering over names like PayPal, NASDAQ, Apple Inc., but also financial investment giant Goldman Sachs. The decision to switch to direct listing has worked out for the best as Bitcoin managed to break out of the support range and wedge and registers ATH of $63K.
CoinShare CSO has Set a High Bar for the Performance of Coinbase IPO
In a recent interview with CNBC Squawk Box, CoinShare Chief Strategy Officer Meltem Demirors told the media that she has high hopes for the first opening day of the Coinbase IPO. She further added that Coinbase should be able to rise higher than $90 billion in just a day as a rush of Investment ETFs is lining up to take part in the crypto exchange business’s debut IPO.
Starting today, the COIN ticker would light up at NASDAQ to mark the first day of the crypto enterprise’s public listing. NASDAQ is happy to host the COIN ticker, which would allow it to keep up with its prodigal subsidiary NYSE. It is believed that the Coinbase public listing would eventually allow the leading coin to reach a mark of $70K eventually.
TIME Magazine has Decided to Add Bitcoin to Its Investment Reserves
TIME magazine was planning to release some of its title pages as NFTs last month. This month the popular magazine has again become the centre of attention and debates of the crypto community. Michael Sonnenshein, CEO of Grayscale, has announced a partnership with TIME. The fruit of this partnership would be bared in from a collaborative video series dedicated to cryptocurrencies.
The TIME executives have agreed to accept Bitcoin as payment for this collaboration and would add the flagship cryptocurrency to their balance sheet. TIME might also be making preparations to broaden its horizons in terms of investment. For now, TIME is on the hunt for a new Chief Financial Officer to take care of its crypto community ventures.