Coinbase IPO What We Know What We Don’t and What is Speculated
Coinbase’s upcoming IPO was estimated at $ 28 billion
Coinbase files an IPO with the SEC
The company is estimated at $ 28 billion
Users expect a more explosive IPO from Uniswap
American cryptocurrency exchange Coinbase has filed an IPO with the US Securities and Exchange Commission
Coinbase, the largest US cryptocurrency exchange, has filed an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). The exchange announced this in its blog.
“Form S-1 is expected to take effect upon completion of the SEC review, subject to market and other conditions,” Coinbase said.
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The exchange stressed that the announcement of filing an application with the SEC is not an offer to sell or a petition to buy any securities..
Messari analysts have calculated the potential value of the upcoming IPO.
According to preliminary estimates, the public offering of the exchange will increase the company’s value by $ 28 billion.
Mira Christanto, Messari Asia Market Advisor, noted on her Twitter page that when modeling an IPO valuation, the company divided Coinbase’s business segments into trading fees, storage fees, debit cards, and others..
So, despite the fact that the volumes on Coinbase mainly come from institutions, on average $ 703 per client.
At the same time, Coinbase Custody is expected to grow to $ 20 billion in 2020, up from $ 7 billion in 2019..
Users came to the conclusion that if you take commission costs to evaluate the IPO, then the potential cost of Uniswap (decentralized currency exchange protocol) should be significantly higher than Coinbase.
In August BeInCrypto editors reported, that Uniswap was the first decentralized exchange (DEX) protocol to beat Coinbase Pro in trading volume.
However, Coinbase’s final score may differ significantly, given that the exchange has repeatedly faced a string of technical glitches, one-sided policies and racial discrimination scandals over the past couple of months..
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