• Nigerian/African Tech
  • Start Up
  • Internet
    • App
    • Mobile
    • Software
  • Gadgets
  • Money
  • Video
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content

Coinbase Goes Public As They Join Nasdaq, Now Valued At About $100b

Emeka Eni by Emeka Eni
April 15, 2021
Home Cryptocurrency
Share on FacebookShare on Twitter

…Coinbase is currently a profitable entity.

Also On TechBooky

Digital Collectables Marketplace On Polygon Blockchain Now Available For Instagram And Facebook

Coinbase Q1 Earnings Disappoint And It’s Got People Using The “B” Word

El Salvador Adds 500 BTC To Its Reserves As The Crypto Continues To Dip

Crypto: KuCoin Raises Pre-Series B Of $150m At A $10b Valuation

SEC Launches A Hiring Spree In The Fight Against Cryptocurrency Fraud

Coinbase is officially a public entity that trades with cryptocurrencies at the expense of the dollar rate. The tech company’s reference price is placed at $250, directly listed by Nasdaq. Coinbase is yet to record a patron, still, they ended their first trade with $328.28, which is equivalent to the market cap of $85.8 billion.

In contrast with the Nasdaq exchange company Coinbase is assigned to, Coinbase was quite impressive with its first day in Wall Street — ending its trades with such an awesome market value. Coinbase’s presence in the trade market portrays how flexible proxy investments are developing. This means greenhorns can also achieve more getting involved with Coinbase’s stocks.

Remember, the 2000 nostalgic heartbreaking experience of real-time financial investments — crisis in the banking sector, mishaps of cyberpunks thriving market panicking that peaked at the time. Meanwhile, Bitcoin’s initial emergence was unpredictable that pushed financial institutions to distrust its stamina until its current value appears to be a stable currency.

Over time, Bitcoin has encountered ups and downs to attain its current impressive networth. Digital money possesses the attribute of continuous growth whereby several billion-dollar companies have invested funds to tap into its responsive earnings, including Technoking’s Tesla, Square, Uber, Visa, PayPal, etc. — not forgetting Coinbase itself.

Coinbase is also responsive in the FinTech industry, transacting instant currency exchange — the intertwined dollar exchange for any preferable digital money of choice. It worth noting that Coinbase is currently the largest crypto exchange company in the States.

For instance, managing your Bitcoin investment with your wallet, which requires certain sensitive information you are likely to lose, even if there are stored in a hard drive. Coinbase is now a public entity, so registered investments have less or zero risks — gradually investing in cryptocurrency becomes simplified.

According to market analyst theory about Coinbase seem to lead the transition towards the Securities and Exchange Commission (SEC) accepting digital coin as ICO, security offerings. Other rumored theories insisted Coinbase offered a token of its coins to its investors and these tokens replaced the usual stocks.

These investors pushed crypto platform to go public because they don’t want to depend on cryptocurrency alone — backing up digital money with the real-time dollar. It intertwines for both the company and the investors, Coinbase is currently a profitable entity.

Meanwhile, critics suggest Coinbase will be less profitable overtime as cryptocurrencies consistently attain growth — critics claim it is too high. This could transpire a backward transition whereby their services will be ignored for the listed reasons:

  • Investing in bitcoin will be profitable than investing in Coinbase.
  • Coinbase fees might become high and scare away customers.
  • Proxy investment remains risky while Cryptocurrency looks forward to being regulated.

Related Posts:

  • Coinbase Integrates Its Debit Card With Both Apple And Google's Payment Platform
    Coinbase Integrates Its Debit Card With Both Apple And…
  • Coinbase Introduces Tax Center For Reporting Crypto Taxes
    Coinbase Introduces Tax Center For Reporting Crypto Taxes
  • Coinbase Acquires AI Startup Agara For Over $40m
    Coinbase Acquires AI Startup Agara For Over $40m
  • Crypto Giant, Coinbase Blocks 25,000 Russia-Linked Accounts
    Crypto Giant, Coinbase Blocks 25,000 Russia-Linked Accounts
  • Coinbase Q1 Earnings Disappoint And It's Got People Using The "B" Word
    Coinbase Q1 Earnings Disappoint And It's Got People Using…
  • 90% Of NFTs Will Become Worthless In 3 to 5 Years, Coinbase Co-founder Fred Ehrsam Warns
    90% Of NFTs Will Become Worthless In 3 to 5 Years, Coinbase…
  • Facebook Finally Launches Digital Wallet, Novi
    Facebook Finally Launches Digital Wallet, Novi
  • Cryptocurrency Business: Here's How To Start for Beginners
    Cryptocurrency Business: Here's How To Start for Beginners
Tags: coinbasecoinbase ipocryptocurrencyinitial public offeringiponasdaqstock market
Previous Post

What To Look For In An Internet Package When You Work From Home

Next Post

Spotify Desktop Version Rolls Out Album Download

Emeka Eni

Emeka Eni

I am a tech enthusiast, creating contents, graphic designer and am Africa.

Next Post
Spotify Desktop Version Rolls Out Album Download

Spotify Desktop Version Rolls Out Album Download

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

Loading

Recent

Technology Helps Establish Skills for Developing Young Minds

Technology Helps Establish Skills for Developing Young Minds

May 13, 2022
Microsoft SharePoint Is The Solution That Organization Expects Today

Microsoft SharePoint Is The Solution That Organization Expects Today

May 13, 2022
Elon Musk Has Put The Twitter Deal On Hold Over “Fake Accounts”

Elon Musk Has Put The Twitter Deal On Hold Over “Fake Accounts”

May 13, 2022
Digital Collectables Marketplace On Polygon Blockchain Now Available For Instagram And Facebook

Digital Collectables Marketplace On Polygon Blockchain Now Available For Instagram And Facebook

May 12, 2022
Egypt’s Mylerz Raises $9.6m To Scale Its E-commerce Fulfilment Operations

Egypt’s Mylerz Raises $9.6m To Scale Its E-commerce Fulfilment Operations

May 12, 2022
Nigeria’s Identitypass Gets $2.8m In Seed Funding For Identity Verification API

Nigeria’s Identitypass Gets $2.8m In Seed Funding For Identity Verification API

May 12, 2022
Google Maps To Get All New Immersive View Of The World

Google Maps To Get All New Immersive View Of The World

May 12, 2022
Google Pixel 7 And Pro Will Be Coming This Fall

Google Pixel 7 And Pro Will Be Coming This Fall

May 12, 2022
Google Shows Off AR glasses At I/O  2022

Google Shows Off AR glasses At I/O 2022

May 12, 2022
Google Finally Announces The Pixel Watch At I/O 2022

Google Finally Announces The Pixel Watch At I/O 2022

May 12, 2022

Browse Archives

May 2022
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Apr    

Receive top tech news directly in your inbox

Loading

About Us

TechBooky

TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

Subscribe to TechBooky

Enter your email address to subscribe to TechBooky and receive notifications of new posts by email.

Join 17,987 other subscribers.

Popular Tags

AI (222) android (257) app (526) Apple (417) artificial intelligence (228) business (254) china (110) cloud (124) cryptocurrency (131) ecommerce (104) enterprise (224) facebook (458) gadget (377) gaming (143) google (518) government (358) guest post (108) instagram (129) internet (314) ios (215) iphone (176) microsoft (248) mobile (245) new feature (234) nigeria (263) privacy (123) research (131) samsung (124) security (343) smartphone (198) social media (623) software (361) startup (228) streaming (125) telecom (152) tips (305) transport (98) twitter (190) uber (88) united states (176) users (90) videos (104) website (135) whatsapp (123) youtube (98)

Quick Links

  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

Popular Post

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
How Can We Unlock VBA Project Password Without Hex Editor?

How Can We Unlock VBA Project Password Without Hex Editor?

December 23, 2020
The M2 Chip From Apple And The New Computers They Will Likely Power Revealed In New Leak

The M2 Chip From Apple And The New Computers They Will Likely Power Revealed In New Leak

April 15, 2022
Recover Deleted Messages from Thunderbird Email

Recover Deleted Messages from Thunderbird Email

April 7, 2020
[Fixed] “Outlook Running Slow Windows 10” Issue

[Fixed] “Outlook Running Slow Windows 10” Issue

February 12, 2020
Top 2 Methods To Convert CSV To vCard/VCF In 2022

Top 2 Methods To Convert CSV To vCard/VCF In 2022

February 2, 2022
Samsung Unveils New Mid-range Devices With Expanded Batteries

Samsung Unveils New Mid-range Devices With Expanded Batteries

March 18, 2022
Technology Helps Establish Skills for Developing Young Minds

Technology Helps Establish Skills for Developing Young Minds

May 13, 2022
Microsoft SharePoint Is The Solution That Organization Expects Today

Microsoft SharePoint Is The Solution That Organization Expects Today

May 13, 2022
Elon Musk Has Put The Twitter Deal On Hold Over “Fake Accounts”

Elon Musk Has Put The Twitter Deal On Hold Over “Fake Accounts”

May 13, 2022
Digital Collectables Marketplace On Polygon Blockchain Now Available For Instagram And Facebook

Digital Collectables Marketplace On Polygon Blockchain Now Available For Instagram And Facebook

May 12, 2022
Egypt’s Mylerz Raises $9.6m To Scale Its E-commerce Fulfilment Operations

Egypt’s Mylerz Raises $9.6m To Scale Its E-commerce Fulfilment Operations

May 12, 2022
Nigeria’s Identitypass Gets $2.8m In Seed Funding For Identity Verification API

Nigeria’s Identitypass Gets $2.8m In Seed Funding For Identity Verification API

May 12, 2022

Recent News

Technology Helps Establish Skills for Developing Young Minds

Technology Helps Establish Skills for Developing Young Minds

May 13, 2022
Microsoft SharePoint Is The Solution That Organization Expects Today

Microsoft SharePoint Is The Solution That Organization Expects Today

May 13, 2022
Elon Musk Has Put The Twitter Deal On Hold Over “Fake Accounts”

Elon Musk Has Put The Twitter Deal On Hold Over “Fake Accounts”

May 13, 2022
Digital Collectables Marketplace On Polygon Blockchain Now Available For Instagram And Facebook

Digital Collectables Marketplace On Polygon Blockchain Now Available For Instagram And Facebook

May 12, 2022
Egypt’s Mylerz Raises $9.6m To Scale Its E-commerce Fulfilment Operations

Egypt’s Mylerz Raises $9.6m To Scale Its E-commerce Fulfilment Operations

May 12, 2022
Nigeria’s Identitypass Gets $2.8m In Seed Funding For Identity Verification API

Nigeria’s Identitypass Gets $2.8m In Seed Funding For Identity Verification API

May 12, 2022
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact us
  • Privacy Policy
  • Disclaimer
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

© 2021 Design By Tech Booky Elite

Posting....