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âWatershed momentâ as Coinbase IPO widens crypto investor pool
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The public listing of cryptocurrency exchange Coinbase, with an expected valuation of $US100 billion, will open the door to more investors riding the bitcoin wave without having to directly buy the digital currency.
Coinbase is the largest US-based cryptocurrency exchange, used by 56 million people to buy, sell and trade cryptocurrencies. Its IPO comes amid a surge of interest in cryptocurrencies, fuelled by bullish investment from the likes of Tesla and MassMutual, as well as new applications for the technology including ânon-fungible tokensâ, or NFTs, for selling digital art.
Watershed moment as Coinbase IPO widens crypto investor pool smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.