Coinbase Approved to Go Public and the Next Step of the Rising GSN is Intriguing
Last month, Coinbase’s direct listing was officially approved and its shares will soon be listed on Nasdaq. As the world’s No. 1 cryptocurrency trading platform, all eyes are on Coinbase’s landmark U.S. stock market listing.
After six rounds of financing, Coinbase’s current valuation has exceeded $77 billion. Through its direct listing, Coinbase is expected to drive positive developments in cryptocurrency legalization and compliance, ushering forth a new level of adoption for blockchain technology.
The cryptocurrency market, which was is already considered to be in a bull market, has rallied forth a new wave of market optimism in the wake of Coinbase’s direct listing. This synergy between traditional financial markets and the cryptocurrency universe will revolutionize the blockch...