Coinbase: all you need to know about the listing that drives counters on Wall Street

Posted on Apr 13, 2021, 12:10 PMUpdated Apr 13, 2021, 3:21 PM

Coinbase, one of the oldest crypto exchanges is on Wall Street as bitcoin has just set a new record at $ 63,191 (€ 53,101) above its previous high of $ 61,712. It arrives on the Nasdaq on Wednesday, the same day two banks converted to cryptos, JP Morgan and Goldman Sachs (which advises Coinbase for its direct listing), announce their quarterly results.

The estimated valuation of the Coinbase platform at 147 billion dollars, exceeds that of Goldman Sachs (120 billion), the investment bank created in 1869. An illustration of the meteoric journey of the young shoot (start-up) of San Francisco, became one of the world leaders in cryptos in just 10 years. Its valuation is twice as high as that of the Intercontinental Exchange ($ 66 billion), which holds, among other things, the New York Stock Exchange, the stock exchange created in 1817.

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