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How so? You would think the currency of the future would be liquid enough to provide capital for their growth no? Why resort to raising USD?
by nojito 6y ago
How so?
You would think the currency of the future would be liquid enough to provide capital for their growth no?
Why resort to raising USD?
- PretzelPirate 6y agoCoinbase did a direct listing and didn’t raise money from this event. They provided liquidity for their shareholders.
- nojito 6y agoAgain why not do it BTC if it is indeed the future?
- PretzelPirate 6y agoThis is a direct listing. Sure they could open up a private market so their investors could sell for Bitcoin, but: 1. I bet most shareholders already have plenty of crypto and should diversify. 2. Opening up a private market for Bitcoin-only sales really doesn’t help liquidity much. It’s important to remember - this wasn’t a move for Coinbase to raise money, it was to enable people who have shares in Coinbase to be able to more easily sell.
- ericlewis 6y agoIt’s a cash out while they still can