Coinbase Stock Trading is Now Imminent

coinbase awaits stock market opening first day trading april 14 2021

The biggest crypto exchange in the world is to start trading on one of the biggest stock exchanges in the world with all eyes now on this event. Futures have it at about $600 per share, giving it a market cap of $150 billion, more than any other exchange, including Nasdaq where it will be listed or NYSE. “Based on valuations in European private markets, Coinbase was trading at a $150bn valuation this morning (higher than the LSEG, ICE and CME market cap combined), and at close to 60 price to sales ratio, while other exchanges trade between 3 (Nasdaq) to 15 (CME). This is further proof that the framework of traditional valuations is broken,” says Amber Ghaddar, Co-founder of AllianceBlock, described as the first globally compliant decentralized capital market. Tesla has traded at a P/E of more than 1,000, while GME has long traversed beyond the P/E valuation method,…

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