The cryptocurrency market has been on a roll the past few months and Coinbase, the world’s biggest crypto exchange, has put itself in the driver’s seat. The company’s stock is set to become publicly traded on the Nasdaq exchange and Coinbase could be the gateway for major investors to join the cryptosphere.
As Coinbase prepares for its initial public offering (IPO) speculated to be worth upwards of 100 billion dollars, there is a lot of potential for major institutional investors to join in on the crypto-party. This could have major implications on the Coinbase stock price. Early talks suggest that the Coinbase stock price could see a sizable move upon its IPO, and as a result, it is a great opportunity for investors to get involved now as the stock may have much higher valuations post-IPO.
All around the world, Wall Street investment banks like JPMorgan Chase, Goldman Sachs, and JP Morgan Asset Management have been turning their interests towards the crypto space. With Coinbase listing publicly, big banks may start to invest in Coinbase stock as a way to gain access to the cryptocurrency market. This could also create more liquidity in the crypto market overall, as the influx of money could result in new capital entering the market in the coming years.
Coinbase is more than a crypto exchange as it also provides custody services, merchant services, and other services related to cryptocurrency. As more investors want in on the cryptosphere there is potential for Coinbase to increase its services and lock in future revenue. Coinbase will also benefit from having more regulations around cryptocurrencies, as it will give the company an additional layer of legitimacy and put it in an even better position to take on bigger projects.
It is important for crypto investors to keep an eye on Coinbase’s stock ahead of its IPO. Coinbase is in the process of setting up for a successful listing and it could be a way to gain access to the high-growth crypto market. Coinbase’s stock price could see a sizable move post-IPO, creating a great opportunity for potential investors to benefit from its growth. Considering its potential for the near future, Coinbase stock looks like a great long-term investment.