It’s an irony not lost on anyone: the biggest company in the Bitcoin business is… a trusted middleman.
The leading U.S. crypto exchange, Coinbase, is on the brink of a direct listing for shares in the company on NASDAQ, opening it up to scrutiny in the public equity market and demonstrating the extraordinary demand for cryptocurrency. Its staggering first-quarter results have all but guaranteed this stock-market debut will be one for the history books, with analysts estimating the company’s value in the tens to hundreds of billions.
Is Coinbase the Next Netflix, or a Blockbuster Vieo-in-Waiting?