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Coinbase did a direct listing and didn’t raise money from this event. They provided liquidity for their shareholders.
by PretzelPirate 6y ago
Coinbase 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.