Coinbase’s IPO in NASDAQ and the Next Day
In Wednesday 14 April, Coinbase, one of the largest crypto exchanges, finalized its IPO in the NASDAQ index, injecting new capital flows in the company for global expansion while it made several investors even wealthier, who have trusted the company in its early beginnings.
What does it mean for the crypto world?
Institutional investors are looking and are selecting alternative investment classes to diversify their portfolios and increase their returns. Picking companies like Coinbase shows that large “wallets” want to increase their positions in the sector and increase their profitability.
In the long-term horizon, this shows that there is a solid base for new ventures to grow in the crypto sector and bring more value to consumers and corporations. Let’s hope that Coinbase will be the starting point for the next generation of public ventures.