Company Watch: Coinbase blazes a trail for crypto with $85bn post-IPO valuation
Founder Brian Armstrong, now among the 100 richest people on the planet, says cryptocurriencies could be as ‘revolutionary’ as the internet
When Coinbase, the crypto exchange, went public via a direct listing last Wednesday, it was a watershed moment for cryptocurrencies.
By close of business on its first day of trading, Coinbase, once a scrappy start-up operating out of a two-bedroom flat in San Francisco, had a valuation greater than that of the Hong Kong , London and New York stock exchange, or any other conventional stock exchange in the world.
Its market capitalisation now sits at...
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