![]() Now, investors want to know whats going to happen next. The FIX Fixed Income Factor Investing Alternative Investing Commodities Futures Businessweek Capital Green Regulation Markets Adnoc Logistics Jumps 49 After 769 Million Abu Dhabi IPO Adnoc. Reuters' Niket Nishant in Bengaluru, and Tom Wilson and Anna Irrera in London contributed to this story.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. (NASDAQ: COIN) made its public debut at 381 a share on Wednesday, April 14. regulators charged associated blockchain firm Ripple with a $1.3 billion unregistered securities offering. Regulatory risks also loom, others said, as Coinbase increases the number of digital assets users can trade on its platform.Ĭoinbase last year suspended trading in major digital currency XRP after U.S. "When the price of bitcoin goes down, it's inevitable that Coinbase's revenue and inherently the price of the stock will decline as well." ![]() "The correlation to bitcoin will be very high after the stock stabilizes after listing," said Larry Cermak, director of research at crypto website The Block. In the first quarter of the year, as bitcoin more than doubled in price, Coinbase estimated revenue of over $1.8 billion and net income between $730 million and $800 million, versus revenue of $1.3 billion for the entire 2020. The company's most recent financial results underscore how revenues have surged in lock-step with the rally in bitcoin trading volumes and price. But regardless, the Coinbase IPO will be a big event and it will happen soon. Consider that bitcoin is trading now at all-time highs. The world's biggest and best-known cryptocurrency hit a record of over $63,000 on Tuesday and has more than doubled in value this year as banks and companies warmed to the emerging asset. The price has gone from about 7,500 to 23,395.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |