From today’s Economist Espresso:

Coinbase, America’s largest cryptocurrency exchange, was valued at $68bn ahead of its planned stockmarket listing. Its previous round of fundraising in 2018 put a value of $8bn on the company. It has surged thanks to this year’s bitcoin rally. A successful public listing would be an important moment for the cryptocurrency sector, which regulators have viewed with scepticism.

$60 billion in market value in 3 years. An IPO for Coinbase would be a huge additional validator for the crypto markets.

Jamie Thingelstad @jthingelstad

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