Cryptocurrency Milestone: Coinbase Exchange Listing

Coinbase Company Introduction

Founded in 2012, Coinbase is a global digital currency trading platform. The company's main business Coinbase's business can be divided into three major sectors:

Currently, Coinbase's business covers more than 100 countries, with approximately 43 million individual users, 7,000 institutions and 115,000 ecosystem partners.

Coinbase chose a direct listing (DPO) for its IPO. Instead of raising capital like an initial public offering, a direct listing (DPO) converts the equity of company employees and investors into stocks, which are then listed on a stock trading platform. Once the stocks are listed, existing investors can cash out at any time, and the public can also directly purchase shares, which may attract more investors to enter the crypto industry.

Direct listing is the hottest new listing method in the US securities market. It can eliminate the intermediate inquiry process, huge underwriting fees and cumbersome preparation process of IPO, and shareholders do not have a lock-up period. Previously, enterprise communication and collaboration tool Slack and streaming music service provider Spotify both adopted the DPO listing model.

What impact will Coinbase's listing have on cryptocurrencies?

Coinbase Lists FIL

As early as December 11 last year, Coinbase exchange launched Filecoin (FIL). Filecoin investors can buy, sell, convert, send, receive or store FIL on Coinbase exchange.

In addition, customers who first participated in the Filecoin private placement and chose to receive FIL tokens in 6 months will receive all the tokens today (4.15). Starting from 4.16, the official will no longer release tokens to these customers. The daily release of Filecoin will be reduced by 43.2%, and the effective computing power of the entire network is still growing at a rate of more than 30PiB. If the required mortgage coins and GAS fees remain unchanged, it may be beneficial to the price trend of Filecoin in the secondary market.