Coinbase COIN Listing And What It Means For The Crypto Market

The Coinbase COIN listing occurred yesterday, April 14^th, and the exchange is now valued at over $100 billion as one of the most-anticipated developments in the crypto space in recent times so experts weigh in on the listing as we read more today in our Coinbase Stock news.

The shares of the crypto exchange coinbase COIN will now be offered to the public later today on the New York Stock Exchange and the move is the first of its kind that is going public. The exchange is valued at over $100 billion by analysis and traders due to the impressive Q1 2021 trading volumes, profits, and revenues.

The shares will be offered straight on the Nasdaq stock exchange through a direct listing and trade at over $577 on some exchanges with value of over $100 billion. The founder of Ontology, Jun Li stated that the listing will reset the entire blockchain market even though in the space there are already giant players as well that range from centralized and decentralized exchanges:

 “We will see welcomed increased pressure on states to bring in policy and regulation to the blockchain and cryptocurrency industries. We welcome these regulations because we understand that without regulation, the industry will not be officially recognized.”

Others like Jason Blick who is the CEO of EQJBank said that the listing will give key insight on how the exchanges operate and earn:

 “Coinbase’s forthcoming IPO will give long needed transparency to the financial affairs of a leading exchange, its underlying business model is subject to extraordinary pressure. “In the “race to the bottom” pricing models of all leading exchanges, investor expectations of dramatic long-term returns may be quickly vanquished as lower prices result in profit margins being permanently squeezed.”

The most significant part of the Coinbase IPO is that the team chose not to give an interview to the legacy media, but rather they are going to do a livestream with their investors.

Go direct. You don’t need third parties to tell your story.

— Pomp 🌪 (@APompliano) April 14, 2021

Eric Kapfhammer who is the CEO and Head of Polyient Capital behind the NFT Marketplace who said that the exchange NASDAQ listing was essentially the first legitimate bridge between the traditional capital markets with the crypto markets:

 “My estimate is that, once established, we will surely begin to see more flow of capital into crypto-focused companies and cryptocurrencies themselves.  You can expect maturation in the space, both in terms of investment flows, as well as the expansion and development of new services with the accompanying infrastructure.”

Think about this:

Tomorrow @coinbase on its first day of trading is likely to exceed the value of Goldman Sachs. That’s incredible.

— John E Deaton (@JohnEDeaton1) April 14, 2021

In the meantime, the co-founder of layer 2 blockchain AllianceBlock Amber Ghaddar said that the frenzy around the exchange listing was reminiscent of the two historical events as the gold markets of the last century and the unsustainable valuations of companies across markets.

 “A few decades back, certain equity investors couldn’t access gold as they didn’t have a commodity and/or derivative mandate and were instead investing in gold miners.”