Cryptocurrencies have gone ballistic.
Bitcoin is back above $60,000. Ethereum is now up to $2,147. Cardano is up to $1.30. All thanks to rapid adoption of cryptocurrencies by companies all over the world, institutional and retail interest, and a new IPO from Coinbase.
On April 14, Coinbase will come to market with a direct listing.
“While there is certainly an element of unpredictability with this business thanks to the volatility of cryptocurrency prices, that likely won’t deter investors from grabbing shares of the company when it goes public via a direct listing on April 14th. Coinbase is certainly an intriguing player in the burgeoning cryptocurrency industry, which is why we’ve put together a list of 3 things for investors to know about the company ahead of its big debut,” reports Entrepreneur.
“Since this is the first major U.S. cryptocurrency exchange to be publicly listed, it could be a major step towards the widespread adoption of digital currency and will go a long way towards legitimizing the industry. This is one of the big reasons why the company’s debut is attracting so much attention,” they added.
Earnings haven’t been too shabby either.
In 2020, the company generated $1.1 billion in revenue, and $322 million in net income. For the first quarter of 2021, the company saw $1.8 in revenue, which was better than the entire year of 2020. It saw $355 billion in trading volume, which was higher than all of last year.
Not only could cryptocurrencies, and crypto miners be some of the hottest opportunities of the year, Coinbase, which will list as COIN in just days, could be a powerhouse stock.
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