According to Raymond James' definition, this stock will underperform its sector and should be sold.
The NYSE participated in Coinbase’s Series C $75 million funding round in January 2015.
The move by an ever-regulated Coinbase could be read as vindication for Tether, long criticized as less-than-forthright about its financials.
The revised Token Safe Harbor proposal defines what a successful project would look like.
Coinbase is for sure going to buy more companies. And with the success of its stock listing, other crypto companies are sure to follow and will also do what public companies do: buy things.
Coinbase's listing ties the company to a centralized system that encourages short-termism over long-term growth, says our chief content officer.
“They used to be revolutionary,” one former user said.
Coinbase's direct listing is bringing attention to crypto, but there's some "hopium" going on in DeFi, says Breitman.
An HSBC representative said the bank has “limited appetite to facilitate products or securities that derive their value from virtual currencies.”
Six archival posts that show the uncertainty of being a bitcoin startup in the early 2010s.
BTIG expects COIN to reach $500, calling it the "gold standard among digital asset exchanges."
Exchange executives worldwide say the direct listing could spur adoption and acceptance of crypto.
The crypto exchange's shares traded above $400, and then into the low $300s, after starting off at $381.
The Coinbase listing is seen as a watershed moment for the cryptocurrency industry.
Coinbase is the first of many crypto startups to go public. But, as crypto continues to eat traditional finance, will those listings matter?