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What Coinbase's blockbuster IPO means for the future of crypto


What Coinbase’s blockbuster IPO means for the future of crypto
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US cryptocurrency exchange Coinbase listed on the Nasdaq stock exchange last week, sparking another rally in cryptocurrency prices worldwide. Mint explains the significance of the listing, how it could change perceptions, and what it means for the industry in India.
Why is the Coinbase IPO important?
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. 18 Apr 2021
Coinbase, founded in 2012, is said to be the world’s largest cryptocurrency exchange as far as converting cryptocurrency to regular currency is concerned. The company started trading on the Nasdaq on 14 April at a valuation of almost $100 billion. The public listing is expected to boost the credibility of crypto trading and traders, who have faced pushback from governments all over the world, including in India. Publicly listed companies are subject to certain regulations and disclosures, increasing trust in what they do, and the sectors where they operate.

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Coinbase listing marks latest step in cryptocurrency's march to the mainstream

The listing marks a victory for digital currency advocates in a year that has seen a clutch of mainstream, top-tier firms dive into the space

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Bitcoin hits record high at $62,741- Business News


Bitcoin hits record high at $62,741
The largest US cryptocurrency exchange's listing on the Nasdaq on Wednesday is considered a landmark victory for cryptocurrency advocates
Reuters | April 13, 2021 | Updated 15:34 IST
Bitcoin hit a record of $62,741 on Tuesday, extending its 2021 rally to new heights a day ahead of Coinbase's initial public offering.
The largest US cryptocurrency exchange's listing on the Nasdaq on Wednesday is considered a landmark victory for cryptocurrency advocates.
The world's biggest cryptocurrency, which has growing mainstream acceptance as an investment and a means of payment, rose as much as 5% on Tuesday. Smaller rival Ethereum also reached a record high of $2,205.

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