The United States’ biggest exchange for digital tokens like Bitcoin is now worth a whole lot of real dollars, too. Coinbase, a trading platform for cryptocurrency, debuted on the Nasdaq on Wednesday. The moment had been hyped as a milestone for cryptocurrency’s acceptance by financial institutions and the general public, as Coinbase is the first major crypto company to go live on a U.S. stock exchange. Here’s what you need to know about how Coinbase did, how this purportedly legitimizes cryptocurrency, and what all the memes are about.
Coinbase Went Public. What and Why Is Coinbase?