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Coinbase is currently trading on private markets at a 77 billion dollar valuation: "Those shares in the largest crypto exchange in the U.S. are changing hands
by harporoeder 6y ago
Coinbase is currently trading on private markets at a 77 billion dollar valuation:
"Those shares in the largest crypto exchange in the U.S. are changing hands on the Nasdaq Private Market at $303 a piece, according to two people with knowledge of the auction. That implies a total company value of about $77 billion – greater than Intercontinental Exchange Inc., the owner of the New York Stock Exchange." (1).
It will be interesting to see how that translates to the public markets.
1. https://www.coindesk.com/coinbase-valuation-nasdaq-private-market https://www.coindesk.com/coinbase-valuation-nasdaq-private-m...
- atian 6y agoSecondaries on Bitfinex are trading at $17 a pop equating to a $3.7B valuation for Bitfinex. This seems a bit low compared to Coinbase's for running the hodgepodge operation that is Tether.
- 0xy 6y agoIt seems low because Bitfinex has a literal money printing machine that the New York AG doesn't care about as long as they get their kickbacks in the form of fines.