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Coinbase Announces Listing Date of Its Stock on the Nasdaq

blog.coinbase.com

21–30 of 121 posts

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#21
post #4

is this april fools?

1. No, because if a company announced that the SEC had given them go-ahead to go public “for the lulz”, that company would then be in deep shit with investors and the SEC for the rest of time.

2. No, because that wouldn’t even be a funny joke.

3. No, because we are done with April Fools, the internet drove that into the ground looooong ago.

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#22

How is the opening stock price decided on a direct listing? Is there a way to put in orders for a ticker before it has opened/been listed so that you can purchase at 9:30 on the 14th?

> How is the opening stock price decided on a direct listing?

Same way every stock does every morning: the opening cross [1].

[1] http://www.nasdaqtrader.com/Trader.aspx?id=OpenClose

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#23
post #7

Would've been interesting if they'd IPO through some crypto means, like on ether or something

Despite what Crypto Bros say, all they really want is to get filthy rich with real money.

I know it's wrong and this is likely a low level comment but...

Crypto Bros -> CryptBros -> XD

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#24

How is the opening stock price decided on a direct listing? Is there a way to put in orders for a ticker before it has opened/been listed so that you can purchase at 9:30 on the 14th?

Look for an order type called "limit on open," or its radioactive cousin, "market on open."

The reason people don't do this is, that kind of order requires having an opinion about what a stock should be priced at. And retail traders basically never have that opinion.

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#25
post #20

Coinbase has been using Morgan Stanley's Shareworks platform to manage the direct listing, which has been a nightmare to use. ACH transfers take over a week and the platform has a ton of technical issues.

In my experience, financial literacy is so poor and Dunning Kruger so high that typical non-finance human beings constantly blame the process for extremely basic mistakes, like sending money between accounts of different titles but saying that you own both of them.

Even the word "title" would detonate the average person.

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#26

There was a time when would have loved to buy Coinbase stock. Just a few years ago, they were by far the easiest was to buy crypto (IMO). At that time they also felt like the most legitimate site and for people who didn't 100% know what they were doing, but wanted to buy some Bitcoin, that perception of legitimacy is important. For those reasons, I feel like they kind of dominated the casual coin holder space, and I…

I agree with you, I think their coinbase pro fees are relatively reasonable, but I just don't see why anyone would use the "normal" coinbase, the fees are very high, I suspect it's probably name recognition, ease of use and trust.

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#27

There was a time when would have loved to buy Coinbase stock. Just a few years ago, they were by far the easiest was to buy crypto (IMO). At that time they also felt like the most legitimate site and for people who didn't 100% know what they were doing, but wanted to buy some Bitcoin, that perception of legitimacy is important. For those reasons, I feel like they kind of dominated the casual coin holder space, and I…

Many Stock brokers like Webull let you buy crypto, but you can't transfer them to your wallet or use them to make purchases. Also, they claim no fees, but they add the fee to the spread (the spread is artificially increased to 1% both ways (2% total)) ... so it is like a hidden fee that ends up being more then what you pay on Coinbase, especially if you trade a substantial amount each month [1]. So Coinbase is still one of the best even though they can't handle the loads when the market get busy.

1. https://i.imgur.com/IohYn4o.png

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#28

There was a time when would have loved to buy Coinbase stock. Just a few years ago, they were by far the easiest was to buy crypto (IMO). At that time they also felt like the most legitimate site and for people who didn't 100% know what they were doing, but wanted to buy some Bitcoin, that perception of legitimacy is important. For those reasons, I feel like they kind of dominated the casual coin holder space, and I…

What’s “Apex Crypto”?

I am not being obtuse or sarcastic here. Is it this? http://apexcrypto.com Because that website tells me nothing at all. And past that, Google only shows a few press releases.

-

But on the consumer crypto coin collector criteria, it still seems like Coinbase has the mind-share. And I imagine they have the reach and scale to be in compliance with regulators, which is what makes them a more attractive investment.

Me? Square’s Cash app is awfully slick, and makes buying drugs…I mean…buying non-fiat currency to stick it to the man all very easy. But I have no idea if people use that feature frequently.

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#29
post #28

There was a time when would have loved to buy Coinbase stock. Just a few years ago, they were by far the easiest was to buy crypto (IMO). At that time they also felt like the most legitimate site and for people who didn't 100% know what they were doing, but wanted to buy some Bitcoin, that perception of legitimacy is important. For those reasons, I feel like they kind of dominated the casual coin holder space, and I…

What’s “Apex Crypto”? I am not being obtuse or sarcastic here. Is it this? http://apexcrypto.com Because that website tells me nothing at all. And past that, Google only shows a few press releases. - But on the consumer crypto coin collector criteria, it still seems like Coinbase has the mind-share. And I imagine they have the reach and scale to be in compliance with regulators, which is what makes them a more attrac…

> But I have no idea if people use that feature frequently.

Looks like they made 4.57B$ in revenue with 97M$ in profit [1]. And "We’ve continued to see strong adoption, with 3 million customers [buying bitcoin] through the past year, and in January we saw 1 million new to bitcoin in just one month."

1: https://www.coindesk.com/square-cash-app-bitcoin-revenues-sw...

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#30
post #12

Earlier quoted context omitted.

> is this April fools? No. Why would it be? Coinbase has been preparing to go public for some time now.

Because it's April 1st.

https://www.sec.gov/Archives/edgar/data/1679788/000162828021...
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