Coinbase rides crypto wave

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The big news in the crypto world last week was the IPO of Coinbase, a leading cryptocurrency exchange. Ahead of its listing Its shares last traded hands at a US$100bn valuation in private markets. $223bn is the estimated value of crypto assets that Coinbase has — or around 11% of the whole crypto market.
With most startups going public these days the key question is “can the economics improve long-term?”.
What Michael Avery finds find most interesting with Coinbase is that the key question is “can the economics stay this good long-term?”
Anthony Rocchi, Co-founder of RexSolom Invest, runs the rule of the Coinbase IPO.
14 Apr 2021 12PM English South Africa Business · Investing

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