The Big Problem With Coinbase’s IPO
On Wednesday, Coinbase Global Inc. (Nasdaq: COIN) launched an initial public offering (IPO) with a valuation of over $100 billion.
If you’re not familiar with the company, it’s basically a way for new investors to buy into the crypto markets.
There’s a lot of excitement around Coinbase right now. But it also has a big problem.
In today’s Market Insights video, I explain what the Coinbase IPO means for the crypto markets and discuss an alternative to the company’s popular platform.
(If you’d prefer to read a transcript instead, click here.)
Editor, Automatic Fortunes
My career on Wall Street started while I was in college. I spent a summer interning for Merrill Lynch in the middle of the ‘90s bull market. I was fascinated with trading, and as a result, after college, I joined Salomon Brothers in the famed mortgage bond trading department. Later, I spent time at Citigroup working with credit derivatives. Eventually, I needed to walk away from the excess of Wall Street. That’s when I joined Banyan Hill in 2017. Now I help readers get ahead of the market and build their retirements.