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Coinbase S-1

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Re: Coinbase S-1

#11

Post by yrgulation »

mlacks wrote: post #3

I use coinbase as it was the easiest and least sketchy way to buy a couple of years ago. I feel though that a lot of the big gains for a particular coin are made before coinbase authorizes that coin for trade on their platform. Can anyone provide some insight/ ELI5 as to why the coin selection is curated vs a free for all?

> a lot of the big gains for a particular coin are made before coinbase authorizes that coin

interesting observation. it seems to be the case for binance as well. i see coins gaining 20-30x before or right when it gets listed. perhaps “insider” trading right before a coin listing?

As for coin curation i suppose thats as a means to filter out scams.

Re: Coinbase S-1

#13

Post by kacy »

brunorsini wrote: post #5

Does anyone please know where to find the cap table? I assume it should be public by now — am I wrong? Couldn't find it under the document's "Capitalization" section. Thanks

Page 184 looks like it has some of the info you’re looking for

Re: Coinbase S-1

#14

Post by andysinclair »

-We have applied to list our Class A common stock on the Nasdaq Global Select Market under the symbol “COIN.”

This in itself will probably add a few billion in market cap...

Re: Coinbase S-1

#16

Post by atian »

harporoeder wrote: post #9

Coinbase is currently trading on private markets at a 77 billion dollar valuation: "Those shares in the largest crypto exchange in the U.S. are changing hands on the Nasdaq Private Market at $303 a piece, according to two people with knowledge of the auction. That implies a total company value of about $77 billion – greater than Intercontinental Exchange Inc., the owner of the New York Stock Exchange." (1). It will b…

Secondaries on Bitfinex are trading at $17 a pop equating to a $3.7B valuation for Bitfinex. This seems a bit low compared to Coinbase's for running the hodgepodge operation that is Tether.

Re: Coinbase S-1

#18

Post by Cthulhu_ »

hestefisk wrote: post #2

Good for them. But am I the only one who finds it slightly ironic that the brainchild of distributed ledger tech and crypto currency capitalism is now filing for IPO in what is the hallmark of old capitalism (regulated markets)?

Well yeah, nobody uses crypto on its own, it's always in reference to fiat and Coinbase enables that.

Re: Coinbase S-1

#19

Post by olalonde »

hestefisk wrote: post #2

Good for them. But am I the only one who finds it slightly ironic that the brainchild of distributed ledger tech and crypto currency capitalism is now filing for IPO in what is the hallmark of old capitalism (regulated markets)?

Is it ironic that Coinbase takes fiat deposits and withdrawals? Many in the community view the existence of centralized exchanges as a necessary evil that is temporarily needed to bridge the old world of finance to the new one. It's hardly the brainchild of distributed ledger tech.
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