Would've been interesting if they'd IPO through some crypto means, like on ether or something
The reason is the SEC. Look into stokr.io.
Coinbase Announces Listing Date of Its Stock on the Nasdaq
31–40 of 121 posts
Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#32Lmk when i can short.
If you want to short a stock, you should at the very least do some due diligence and read the article before you comment.
Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#33Earlier quoted context omitted.
Despite what Crypto Bros say, all they really want is to get filthy rich with real money.
Real lambos and houses. No one wants dirty fiat.
If anyone has fiat lying around causing them problems I'd be happy to take it off your hands. I'm certified for proper fiat handling.
Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#34Coinbase 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.
This sounds like a case of blaming the user for poor UX design. If the users that the system is designed for are constantly making the same "basic mistakes", then the system isn't designed well for them.
Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#35Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#36Honest question, why is Coinbase listing on the NASDAQ (edit: tangentially also NYSE)? If their whole business model is predicated on the success of crypto-currency shouldn't the whole world of fiat currency be completely irrelevant and a distraction?
Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#37Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#38There 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…
> What’s “Apex Crypto”?
Apex Crypto is a crypto clearing house, similar to the clearing houses we have for the stock market. Companies like Robinhood, WeBull, SoFi, etc aren't building their crypto trading infrastructure from the ground up. They're plugging into services like this, which handle the exchange between fiat and crypto and a lot of the regulatory compliance. This drastically cuts down the complexities and lowers the barrier to entry for offering buying and selling of crypto.
I don't know all the details of the services they offer, but services like this are the reason it seems like every app under the sun will now let you buy and sell crypto.
Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#39Earlier quoted context omitted.
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...
It's a bit odd to count that as revenue. Like Robinhood counting their entire trade volume of $350 billion as "revenue".
Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#40Honest question, why is Coinbase listing on the NASDAQ (edit: tangentially also NYSE)? If their whole business model is predicated on the success of crypto-currency shouldn't the whole world of fiat currency be completely irrelevant and a distraction?
> why is Coinbase listing on the NYSE
I don’t think you read the article, let alone the headline.