Coinbase listing on the Nasdaq: Boosting crypto’s legitimacy and price

Mark O'Donnell
- Research Analyst -
April 12, 2021
Shares, Trading Opportunities

The largest Crypto exchange in the US, Coinbase, is preparing to join the Nasdaq this week. Coinbase is the first exchange to go public and the listing can be considered another big step toward the mainstream adoption of cryptocurrency. The listing day is Wednesday 14, and the Company could not have picked a better time. That is to say, Crypto prices are currently performing exquisitely.

The estimated valuation of Coinbase is as high as US$100 billion. A valuation this high would put the exchange on equal footing with Facebook when it listed back in 2012. Interestingly, Coinbase could catch up to Facebook’s current valuation of US$900 billion. This would be possible if the price of Bitcoin and Co. increases at the same miraculous rate experienced in 2013 and 2017.

Read the Full Story at fxstreet.com

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