FAQs Frequently Asked Questions
What are your thoughts on the upcoming Coinbase IPO? Why do you think they do not offer as many alt-coins as possible? I really missed out on HBAR at 0.04 because they don't offer it.
Estimates are Coinbase valuations of around $100 billion on listing. Coinbase can only offer non-security tokens due to U.S. law, so the number of coin listings is a small fraction of available coins that can be bought. Coinbase will likely get regulatory approval to list security tokens but the date of the approval remains unclear. Nevertheless, the IPO should help major competitors such as Binance (BNB) rise as the valuation on BNB is around $50 billion while it trades far more coins with far greater liquidity than Coinbase in addition to having launched its Binance Smart Chain which dramatically cuts transactions fees compared to Ethereum.
|First published:||5 Apr 2021|
|Last updated:||5 Apr 2021|