Coinbase, which has a valuation similar to that of Didi, has submitted a listing application. Once listed, it will be the first to become the first share of the U.S. crypto trading platform, with a market value of over US$100 billion.
Coinbase, the world’s largest digital currency exchange, goes to the U.S. for IPO
Recently, Coinbase formally submitted a listing application to the US Securities Regulatory Commission. It plans to list directly on the Nasdaq on April 14. Its stock code is “COIN”. Companies such as , , and serve as transaction advisors. It is reported that Coinbase is the world’s largest digital currency exchange. As of December 31, 2020, Coinbase’s cryptocurrency trading volume was 193 billion U.S. dollars, an increase of 141.7% from 2019. The cumulative cryptocurrency trading volume on its platform exceeded 456 billion U.S. dollars. .
Coinbase platform assets and its performance continue to soar, from 7 billion U.S. dollars in 2018, 17 billion U.S. dollars in 2019 to 90 billion U.S. dollars in 2020, with a compound annual growth rate of 258.57%, accounting for 11.1% of the total market share. On April 6, Coinbase chose to announce its financial data for the first quarter of 2021 before going public. Among them, the total revenue in the first quarter was approximately US$1.8 billion, a year-on-year increase of over 844%.
In the current private trading market on Wall Street, the price of Coinbase per share has exceeded US$500, with a valuation of more than US$100 billion. According to a Reuters report on April 9th, the Internet unicorn listed in the United States, Didi, is valued at approximately US$100 billion, while Coinbase has a valuation similar to that of Didi. Once listed, it will be the first to become the first U.S. crypto trading platform.
From 2012 to 2020, the overall market value of cryptocurrencies has grown from less than US$500 million to US$782.0 billion, with a compound annual growth rate of more than 150%. For the cryptocurrency circle, 2020 is the fastest growing year for the industry so far.
Although due to the COVID-19 pandemic, the U.S. stock market and cryptocurrency market experienced a sharp decline, the overall market rebounded in 2020. In the same year, the price of Bitcoin increased from approximately US$7,000 to US$29,000, a nearly four-fold increase. Bitcoin-related stocks also shined in the U.S. stock market, and many ten-fold bull stocks such as Marathon Digital and emerged. As of now, the price of Bitcoin has exceeded $60,000.
Digital currency leader 2-connected board
In early trading today, the concept of A-share digital currency has changed significantly. Royal Bank’s daily limit is currently the only stock with a continuous daily limit among the digital currency concept stocks. surged more than 15 percent, limit, , , , , etc. rose over 5%. Since March, there are 13 digital currency stocks cumulative increase more than 10 percent, Royal Bank shares, the highest scientific and technological knowledge, , Infotech, the and other stocks among the biggest gainers.
The scope of the digital RMB pilot program is expanded in an orderly manner
2021 digital currency the central bank to speed up the process of landing, engineering, agriculture, in construction, delivery, postal savings, and other six major Chinese state-owned banks have been Shanghai, Changsha, Shenzhen and other cities began to promote the digital part of the pilot RMB currency wallet in , , etc. Many application scenarios of Internet top platforms have begun to accept digital renminbi. Many countries around the world are actively promoting digital currencies. Payment giant PayPal recently announced the launch of a fee-free cryptocurrency settlement service in the United States. The trend of widespread use of digital currencies is clear Spark Global Limited.