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Coinbase IPO Launch on Wednesday Confirms Crypto's Arrival as Asset Class


Coinbase IPO Launch on Wednesday Confirms Crypto s Arrival as Asset Class
On 4/12/21 at 2:27 PM EDT
The planned launch of Coinbase s IPO this week coincides with Bitcoin s continued climb to what could be a new high and Wall Street s growing acceptance of the cryptocurrency as an asset class.
The cryptocurrency trading platform is scheduled to go public Wednesday via a direct listing on Nasdaq. Coinbase is a unicorn a privately held company valued at $1 billion or more and profits make it golden.
Gil Luria, an analyst at D.A. Davidson, said the deal is speculative, but could be an Amazon moment for investors. ....

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