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Coinbase Announces Listing Date of Its Stock on the Nasdaq

blog.coinbase.com

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

#71

Post by miglmj »

ryanSrich wrote: post #66
superfrank wrote: post #17

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…

Not to mention that Coinbase doesn’t really serve a strong purpose anymore. Why not just use a DEX?

High fees and lack of a fiat on ramp are two big reasons

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

#72

Post by [deleted] »

TedDoesntTalk wrote: post #40
qbasic_forever wrote: post #36

Honest 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.

[deleted]

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

#73

Post by tedunangst »

gruez wrote: post #65
tedunangst wrote: post #59

Earlier quoted context omitted.

For reference, coinbase is currently quoting bid/ask for bitcoin at around 58/62...

That's their quote for casual users. You get much tighter spreads on coinbase pro.

I think that's the right comparison for webull or robinhood.

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

#74

Post by xienze »

ryanSrich wrote: post #66
superfrank wrote: post #17

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…

Not to mention that Coinbase doesn’t really serve a strong purpose anymore. Why not just use a DEX?

Well first, how are you gonna get Eth or whatever to use that DEX? Some apps have payment options but hoooo boy are the fees outrageous. Coinbase doesn’t have the best fees in the world but just mosey on over to Coinbase Pro and it’s a whole lot better.

Then there’s the gas fees on Uniswap. Not even worth bothering with unless you plan on making $1000+ trades.

The other thing to consider is that for newbies they offer a safe platform with a list of established coins. That counts for something.

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

#75

Post by woobar »

thrwn_frthr_awy wrote: post #19

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?

RBLX just did a direct listing. They set a reference price at $45. Later in the day (they did not start trading until midday) the reference price was adjusted to $60. I had two limit orders. One from day before at $50, another placed at noon at $62. None of them executed, since it opened at $64+.

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

#76

Post by errantmind »

vmception wrote: post #53
qbasic_forever wrote: post #36

Honest 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?

The US markets have the most liquidity and access and users compared to all markets in the world, including crypto markets.

Not from what I've seen. Binance (Intl) has a lot more liquidity than any US specific market, mainly because they offer derivatives

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

#77

Post by ryanSrich »

xienze wrote: post #74
ryanSrich wrote: post #66

Earlier quoted context omitted.

Not to mention that Coinbase doesn’t really serve a strong purpose anymore. Why not just use a DEX?

Well first, how are you gonna get Eth or whatever to use that DEX? Some apps have payment options but hoooo boy are the fees outrageous. Coinbase doesn’t have the best fees in the world but just mosey on over to Coinbase Pro and it’s a whole lot better. Then there’s the gas fees on Uniswap. Not even worth bothering with unless you plan on making $1000+ trades. The other thing to consider is that for newbies they offe…

Onramp is a good point. Didn't think of that.

> Then there’s the gas fees on Uniswap. Not even worth bothering with unless you plan on making $1000+ trades.

This is fixed by PancakeSwap.

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

#78

Post by rawtxapp »

sjg007 wrote: post #60

What happens when the US bans Bitcoin?

People have been saying that ever since Bitcoin existed.

1) they don't see it as a threat (ex: Powell comparing it to gold rather than USD)

2) it's actually generating capital gains tax, jobs and revenue for the country (by creating business around it, etc)

3) US has auctioned off seized Bitcoin in the past, so it would be weird if they make something illegal after selling it themselves

Last, but not least, they can't ban it, they can ban the on/off ramps and cause short term disruption, but that wouldn't be sustainable in the long term, how do you stop millions of people from running some code on their computer (case in point, torrent is still very much alive)?

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

#79

Post by rawtxapp »

ryanSrich wrote: post #77
xienze wrote: post #74

Earlier quoted context omitted.

Well first, how are you gonna get Eth or whatever to use that DEX? Some apps have payment options but hoooo boy are the fees outrageous. Coinbase doesn’t have the best fees in the world but just mosey on over to Coinbase Pro and it’s a whole lot better. Then there’s the gas fees on Uniswap. Not even worth bothering with unless you plan on making $1000+ trades. The other thing to consider is that for newbies they offe…

Onramp is a good point. Didn't think of that. > Then there’s the gas fees on Uniswap. Not even worth bothering with unless you plan on making $1000+ trades. This is fixed by PancakeSwap.

PancakeSwap which is running on a "decentralized" network, "CeDeFi" as CZ calls it, that's tightly controlled by Binance.

I think the real solution are layer 2s, optimism comes to mind, but there are many others too.

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

#80

Post by [deleted] »

superfrank wrote: post #17

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…

[deleted]
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