All the ways the Coinbase stock listing may disrupt the crypto market

After an extended period of speculation as to when Coinbase would finally go live with its public stock listing, the United States-based cryptocurrency exchange released a blog post earlier this month stating that it had registered with the U.S. Securities and Exchange Commission to hold a direct listing on Nasdaq on April 14. In this regard, Coinbase’s Class A common stock is expected to trade on the Nasdaq Global Select Market under the ticker symbol “COIN.” The cryptocurrency exchange had previously set its eyes on a March listing, however, after…

Coinbase Listing Will Cause “Crypto Gold Rush”, Say ETF Investors

Key Takeaways Coinbase’s stock listing on the stock market is promoting bullish sentiments around Bitcoin and crypto. Galaxy Digital joins the list of Bitcoin ETF applicants with a registration filling this morning. Finance experts are hopeful for a Bitcoin ETF approval this year. Share this article Coinbase’s COIN stock listing and anticipation around Bitcoin ETF offerings will lead to the next phase of institutionalization of Bitcoin and crypto markets, according to experts.  The Picks and Shovels of Crypto Industry  Coinbase is the first U.S.-based exchange to obtain a green light…

Want to buy Coinbase stock now? Here’s how to get exposure before April 14

Crypto exchange Coinbase intends to go public via a direct listing on April 14, based on recent information. This means shares of Coinbase stock will become available for trading on the Nasdaq, bringing another part of the crypto space into mainstream finance.  Confusion can accompany activity in the traditional financial world, though. Companies, accredited investors and other entities engage with stocks and finance in various measures, but what about everyday retail participants? If a retail trader wants to buy Coinbase stock when it lists on the Nasdaq or wants to…

Exodus Wallet Offers Shares Ahead of Coinbase IPO

Key Takeaways Crypto wallet company Exodus has begun to sell corporate shares after gaining approval from the SEC this week. The news comes ahead of upcoming stock offerings from Coinbase, Kraken, and Robinhood. Exodus has chosen to trade shares on its own platform rather than on a mainstream stock exchange. Share this article Crypto wallet company Exodus has begun to sell shares of its company stock, according to a recent press release. Exodus Begins to Offer Shares Exodus says that it received permission this week from the U.S. Securities and…

Coinbase NewsQuake drives Markets Pro gains as Enjin soars

The so-called “Coinbase Effect” has been analyzed multiple times by data firms like The TIE and Messari, and the verdict remains clear: Crypto traders who pounce on new Coinbase listings within seconds of their announcement often see substantial gains. Which is why this week’s VORTECS™ Report focuses primarily on a couple of big wins for subscribers to Cointelegraph Markets Pro through the NewsQuake™ service, which delivers market-moving news directly to a dedicated Discord channel and via in-browser alerts at breakneck speed. NewsQuakes™ are sourced from a real-time aggregation engine, collated…

Exchange tokens rally ahead of next week’s long-awaited Coinbase IPO

Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase’s April 14 NASDAQ listing and the exchange’s recent announcement that it pulled in $1.8 billion in revenue during the first quarter of 2021.  Even as decentralized finance (DeFi) and popular decentralized exchanges (DEX) like Uniswap (UNI) and PancakeSwap (CAKE) attracted investors, high transaction costs and low liquidity on separate blockchain networks means that many crypto traders stick with CEXs for lower trading costs and the sense of security they offer.  While Bitcoin,…

Coinbase Will List 1inch, Enjin, NKN, and Origin Token

Key Takeaways Coinbase Pro revealed it is preparing to list 1inch, Enjin Coin, NKN, and Origin Token on its trading platform on Apr. 9. The announcement has seen a significant number of investors rush to other exchanges to invest in those coins. The relevant altcoins have seen their price rise more than 20%, benefiting from the “Coinbase Effect.” Share this article Coinbase has announced that it will list four new cryptocurrencies for trading: 1inch, Enjin Coin, NKN, and Origin Token. Coinbase Listing Spree Accelerates In a recent blog post, Coinbase…

Coinbase would have earned $2B just buying Bitcoin with its seed money

The United States’ biggest crypto exchange would have made more money by simply buying and holding Bitcoin (BTC) in 2013.  Data circulating on social media reveals that despite Coinbase’s $800-million profits in Q1, the company would still be richer had it used its seed funding cash to buy BTC. Coinbase profits lose out to 2013 hodlers Ahead of its initial public offering on April 14, Coinbase reported bumper revenue this week. At $1.8 billion, Q1 outperformed the entirety of 2020. The numbers became an instant talking point as market participants…

Earnings Report Reveals Coinbase Now Head-to-Head With NYSE, NASDAQ

Key Takeaways Coinbase’s earnings before tax and interest in Q1 surpassed PayPal’s annual earnings in 2020 and was at par with NASDAQ. Coinbase’s projected revenue for this year is $7.2 billion. The price of pre-market tokenized COIN shares on FTX gained 3% after the announcement. Share this article “Coinbase is literally the most profitable exchange in the world across any market and across any geography,” Fundstrat’s Thomas Lee tweeted as Coinbase’s Q1 earnings outshined top traditional exchanges like NYSE, NASDAQ, CBoE, and ICE.  Coinbase Earnings Report Numbers The U.S.-based exchange…

Coinbase and Square lead new crypto lobbying effort

Major stakeholders in the cryptocurrency scene, like Coinbase and Square, have formed an alliance to better relate with policymakers and regulators on the subject of crypto regulations. They are joined by other major players in the cryptocurrency scene, such as Fidelity Digital Assets and crypto-focused investment firm Paradigm. Dubbed the Crypto Council for Innovation, the CCI aims to facilitate constructive dialogue with governments and regulatory agencies about the benefits of cryptocurrencies, according to the details published on the group’s website. An excerpt from the CCI’s website reads: “CCI supports governments and…