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<p>The company will be listed on <strong>NASDAQ </strong>next week. You don&#8217;t have to buy directly to profit from fluctuations in an asset.</p>



<p>On April 14, <strong>Coinbase </strong>Class A common shares will begin <strong>trading </strong>on the <strong>NASDAQ </strong>Global Select Market under the ticker “COIN”. <strong>Crypto exchange </strong>Currency.com will issue a <strong>token </strong>for the company&#8217;s securities, which will make it possible to capitalize on their volatility without buying the asset directly.</p>



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<p><strong>History</strong><br><strong>Coinbase </strong>was founded in 2012 by <strong>Brian Armstrong</strong>, <strong>Fred Ehrsam</strong>, and <strong>Ben Reeves</strong> in San Francisco. Reeves later left the team due to disagreements about the future of the project. Prior to that, Armstrong was <strong>Chief Engineer</strong> at <strong>Airbnb</strong>, Ersam was a trader at <strong>Goldman Sachs</strong>. In the summer of 2012, they entered the Y Combinator business incubator, and in the fall they presented their service for buying and selling <strong>bitcoins </strong>using <strong>bank transfers</strong>.</p>



<p>Over 9 years, <strong>Coinbase</strong> has attracted more than $ 500 million in <strong>investments</strong>, the largest <strong>investors </strong>being Andreessen Horowitz, Ribbit Capital and Union Square Ventures. In 2018, Tim Wagner, Amazon&#8217;s cloud chief executive, became the vice president of development for the <strong>crypto exchange</strong>.</p>



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<p><strong>Financial</strong> <strong>performance</strong><br>Before listing, the company released financial results. It became known that <strong>Coinbase&#8217;s </strong>income for the first quarter of 2021 amounted to $ 1.8 billion, profit &#8211; $ 730-800 million.At the same time, for the whole last year, the profit of the <strong>crypto exchange </strong>was 2.5 times less, $ 322.3 million, and a year earlier it incurred losses of $ 30 million</p>



<p><strong>Trading </strong>volume on <strong>Coinbase</strong> in the first three months of 2021 was $ 335 billion, while in the fourth quarter of 2020 it was only $ 89 billion. According to the <strong>exchange</strong>, it now has 53 million verified clients and 6.1 million active users. Since the previous reporting period, the indicators have increased by 32.5% and 118%. The volume of assets for the site is $ 233 billion, of which $ 122 billion are attributed to institutional <strong>investors</strong>.</p>



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<p><strong>Listing of shares<br></strong>In January 2021, <strong>Coinbase </strong>began selling its shares on <strong>Nasdaq </strong>Private Markets. And if at the end of 2018, according to the results of a round of venture financing, the <strong>crypto exchange </strong>was valued at only $ 8 billion, then on January 29 of this year its estimate reached $ 54 billion.</p>



<p>In early February, the site sold several more blocks of shares &#8211; the last one at $ 373 per share. This raised the company&#8217;s valuation to $ 100 billion. It became possible that <strong>Coinbase </strong>would go public with the highest valuation since the <strong>Facebook </strong>IPO. However, in mid-February, the company said it was valued at approximately $ 68 billion in recent deals.</p>



<p><strong>Coinbase </strong>chose to go public bypassing the IPO procedure, through a direct listing. Unlike an IPO, in this case the company does not issue new securities; existing shares of <strong>investors </strong>and employees are sold on the <strong>exchange</strong>. This allows you to reduce the cost of <strong>investment</strong> banking services.</p>



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<p><strong>Tokenization of assets<br>Tokenization </strong>is the creation of <strong>tokens</strong>, the value of which corresponds to the value of the specific asset underlying them. The token is registered on the <strong>blockchain</strong>. Following this principle, the Currency.com <strong>crypto</strong> <strong>exchange</strong><em> </em>tokenizes <strong>Coinbase </strong>shares after they are listed on the <strong>Nasdaq</strong>. <strong>Trading </strong>in tokenized <strong>assets </strong>allows you to make money on fluctuations in the quotes of traditional <strong>assets</strong>.</p>



<p>Tokenized shares meet all legal requirements of the country in which they are issued. At the same time, one does not have to be limited to fiat <strong>currencies</strong> in order to <strong>invest </strong>in the change in the price of securities.</p>

