Coinbase Ipo Launch On Wednesday Confirms Crypto S Arrival As Asset Class
The cryptocurrency trading platform is scheduled to go public Wednesday via a direct listing on Nasdaq. Coinbase is a “unicorn”—a privately held company valued at $1 billion or more—and profits make it golden. “The well-managed standard bearer represents a uniquely diversified play on the growth of crypto,” the Portland, Oregon-based analyst said in a research note. “We believe that crypto assets and the distributed technology they represent will become the foundation for a more efficient future financial system that reduces the number of intermediaries for a large range of transactions,” the note read....