Well, “direct listing” apparently. I don’t think that counts as an IPO since there’s no offering?
It seems not to be trading yet, or at least Google and Yahoo don’t have it.
Coinbase from YC to DPO
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Re: Coinbase from YC to DPO
#12I still prefer Binance who are exposed to users via actual crypto (BNB) than Coinbase who are trying to eat the trad investors exposure and banking on their preferential treatment from US regulators. Not to mention that Binance has 9x the volume, much much more crypto and is pro-competition and lists Coin on day 1 while CB wouldn't even consider listing BNB or anything by competitors.
CB abides by regulators and doesn't list every crappy project that comes along. They're trying to bring legitimacy to crypto. Binance is the wild wild west still and BNB is a centralized useless ETH sidechain.
>BNB is a centralized useless ETH sidechain.
I dont agree and what you are incorrectly talking about is probably BSC, not BNB.
Re: Coinbase from YC to DPO
#13It will be interesting to see how Coinbase performs compared to a weighted average of the top 3 cryptos directly.
Anyway, Coinbase is a good case study on how UX/UI makes all the difference. I'll definitely study them in the future.
Re: Coinbase from YC to DPO
#14It will be interesting to see how Coinbase performs compared to a weighted average of the top 3 cryptos directly. Anyway, Coinbase is a good case study on how UX/UI makes all the difference. I'll definitely study them in the future.
A friend of mine knows several "movers and shakers" in the crypto space, and he says they're all going to invest heavily in COIN stock because they understand that everyone else views it as a proxy for crypto in general.
edit: why the downvotes?
Re: Coinbase from YC to DPO
#15Earlier quoted context omitted.
>intentionally looking the other way to people opening multiple accounts to avoid KYC That's blatantly false. Many have been caught trying to circumvent via VPN or similar, it's just impossible to catch quite everyone no matter how hard you try. >which country they're domiciled. Malta?
They won't tell you where their headquarters are "because Bitcoin doesn't have one": https://www.coindesk.com/binance-doesnt-have-a-headquarters-... In fact "Malta ... question mark?" is about as much information as we have. And the KYC evade is just based on opening more accounts before you reach their threshold. Because rather than operating like a real business, requiring everyone to provide KYC during onboarding,…
They do require KYC for any fiat deposits or withdraws and not requiring them for small amounts of crypro-only trading is not unusual nor illegal.
Re: Coinbase from YC to DPO
#16From startup to IPO in under a decade. Well played! Congratulations!
Not to take anything away from this accomplishment -- this is more a point of interest -- the average time from formation to IPO for a company that's going to is 6.3 years [1]
[1] https://www.statista.com/statistics/320793/median-time-ventu...
Re: Coinbase from YC to DPO
#17It will be interesting to see how Coinbase performs compared to a weighted average of the top 3 cryptos directly. Anyway, Coinbase is a good case study on how UX/UI makes all the difference. I'll definitely study them in the future.
I imagine it should be tightly correlated. Saying this, the stock market is a lot more regulated and has a different type of investor so I think it will end up being much more stable and less correlated.
Re: Coinbase from YC to DPO
#18Well, “direct listing” apparently. I don’t think that counts as an IPO since there’s no offering? It seems not to be trading yet, or at least Google and Yahoo don’t have it.
Fidelity doesn't have it yet either. It gives an error, something about not being able to purchase it until its on the secondary market.
Re: Coinbase from YC to DPO
#19It will be interesting to see how Coinbase performs compared to a weighted average of the top 3 cryptos directly. Anyway, Coinbase is a good case study on how UX/UI makes all the difference. I'll definitely study them in the future.
A friend of mine knows several "movers and shakers" in the crypto space, and he says they're all going to invest heavily in COIN stock because they understand that everyone else views it as a proxy for crypto in general. edit: why the downvotes?
Can't wait for another 100 P/E ratio stock /s
Re: Coinbase from YC to DPO
#20I've met Fred Ehrsam multiple times at conferences when he was around as a VC. He's a great guy! Well done!