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 Coinbase went public and instantly garnered a market capitalization of $76 billion

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Coinbase went public and instantly garnered a market capitalization of $76 billion Vide
PostSubject: Coinbase went public and instantly garnered a market capitalization of $76 billion   Coinbase went public and instantly garnered a market capitalization of $76 billion Icon_minitimeMon Apr 19, 2021 11:18 pm

  • It acts as an intermediary for people buying and selling cryptocurrencies.
  • As bitcoin goes, so goes this one-trick pony of a financial intermediary. What exactly is in store for the legions of the crypto faithful?

Coinbase went public and instantly garnered a market capitalization of $76 billion Medium_image_1297465792

A financial firm by the name of Coinbase (COIN) went public this week, and instantly garnered a market capitalization of $76 billion. How big is $76 billion? Well, it's bigger than the parent company of the New York Stock Exchange (worth $73 billion at today's prices). It's bigger than CME Group, the Chicago Mercantile Exchange that is home to much of the world's futures, options and other financial derivatives activity (about $64 billion). And it completely dwarfs NASDAQ, Inc. ($26 billion), where the world's technology superstars and their up-and-coming rivals come out to play.

.https://seekingalpha.com/article/4419814-bitcoin-follies-go-public
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