MILANO – Green light of the Sec to the Wall Street listing of Coinbase, one of the leading platforms for buying and selling cryptocurrencies. The company will land on Nasdaq with a direct listing, ie without an early sale of shares through an IPO, and the debut is scheduled for next April 14th.
Record numbers are those of the exchange, which in 2020 recorded revenues of 1.14 billion dollars (from 483 million in 2019), recording a profit of 322 million compared to the loss recorded the previous year. Approximately 43 million verified users with 2.8 million daily transactions. According to the numbers released at the end of last month by Coinbase itself, in its private exchanges the company reached an average price of 343 dollars per share, for a total valuation of about 68 billion euros.
“Now you can buy Tesla with Bitcoins”: Elon Musk and the Fintech revolution
by Paola Jadeluca
The success of the platform, founded in San Francisco in 2012, follows the wave of the gallop made by Bitcoin in the last year. The main cryptocurrency in just over a year has gone from $ 5,000 to nearly $ 60,000 today, with an acceleration of over 1000%. A successful listing of Coinbase, notes the Reuters, “would mark an important recognition for a sector that has long struggled to win the trust of traditional investors, regulators and ordinary citizens”.
.