On April 14, America-based cryptocurrency exchange giant Coinbase sets to go public directly on the Nasdaq exchange at a valuation of perhaps as much as $100 billion. Once listed, Coinbase will be the first crypto business listing in the U.S.
On the eve of Coinbase’s IPO, the global cryptocurrency market is experiencing an unprecedented boom. In the past 24 hours, the market is up 8.45%, according to Coinbase. Dogecoin surges over 80%, and Bitcoin hits more than $64,000.
Sarah Kunst, managing director of Cleo Capital, said Coinbase’s IPO will be an opportunity to really give the public access to cryptocurrencies.
It’s reported that Coinbase has added 13 million new users in the first quarter of 2021, bringing the total number of registered users to 56 million.
Kunst believes that there is still a lot of room for cryptocurrencies to grow, as the entire cryptocurrency market cap is only $2 trillion today.
