The popular cryptocurrency exchange website Coinbase recently went through an IPO, meaning their shares are now available to the general public. Boasting 56 million verified users, and numerous different cryptocurrencies to buy and sell, Coinbase is a powerful and expansive service for all things crypto.
Leeor Shimron, an analyst at FundStrat Global Advisors described Coinbase’s direct listing as a “watershed moment for the crypto industry”. It can be expected for cryptocurrency markets to grow and expand as the general public is exposed to them, and as we have already seen this Wednesday, some cryptocurrencies to react positively to the IPO.
For more information on the public offering, see this post by MarketWatch.