Coinbase: NASDAQ’s Darling!

Coinbase a “trusted” large platform used to purchase cryptocurrencies such as Bitcoin (BTCUSD) and Ethereum (ETHUSD) will go public today. This is a huge deal for a few reasons:

1. This solidifies Coinbase’s position as a key participant in the financial / currency model in the U.S.

2. By going public it brings the discussion of cryptocurrency into more homes and potentially investment portfolios.

3. Coinbase itself makes purchasing crypto more accessible to everyday people.

Bonus: I believe that Nas stands to gain approximately $100 million from the company IPO, which correlates to the change in the company’s valuation from the time of his investment to now. 🤩 Keep an eye out for COIN on the exchange.