Skip to main content

Coinbase IPO Craze: Everything You Need to Know about the Trading App

Coinbase has become the first key crypto corporate to go public in the United States of America. The Company that is currently worth $105 billion was listed on the NASDAQ, on April 14. According to their pitch, the firm’s mission is to improve economic freedom in the world.

Coinbase thanked its employees and customers for the bigger milestone in the realm of cryptocurrencies and promised to build a more robust crypto-economy and economic freedom to all. Its co-founder Fred Ehrsam disclosed that they started the Company when bitcoin was worth $6. Currently, Bitcoin is valued at $62,175.01.

“Today at 10am Pacific, join Coinbase co-founders @brian_armstrong and @FEhrsam in conversation with @emiliemic and @pmarca discussing Coinbase’s journey to becoming a public company, and what they’re focused on for the future. Watch here: youtu.be/FuqkjkILSCY $COIN,” Coinbase tweeted ahead of the major event.

Coinbase CEO Brian Armstrong anticipates the firm’s non trading enterprise to grow substantially in the long term.

Armstrong claimed that at least 50% of Coinbase’s future revenues could be accounted by business lines such as staking, custody and debit cards.

Currently, the company's main revenue contributor is its exchange business. In 2020, about 86% of Coinbase total revenue came from trading fees.

Is Coinbase Legitimate?

According to Wikipedia, Coinbase is an American cryptocurrency exchange site that operates remotely, without any physical head office, and was found in 2012 by Brian Armstrong and Fred Ehrsam. By March 2021, it was the largest crypto-exchange platform in the US.

Coinbase functions like many stock trading apps that you might have come across. All the digital assets are confined in one place. The app lets the user to buy and sell all sorts of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Filecoin, Bitcoin Cash and XRP among many others. 

The platform also allows the user to convert from one cryptocurrency to another. The app can also be used to send and receive cryptocurrency to and from other people. It has features that display the price and trends for cryptocurrencies. 

How to register for Coinbase Account?

Persons above the age of 18 who are ready to agree with the set user guidelines and privacy policies are eligible to create an account with coinbase. You must have an email address to begin the registration process.

  1. Click or tap the Coinbase Platform to begin the registration process.

  2. You will fill in the required details before consent.

  3. Read and understand the user agreement and privacy policy.

  4. Check the box and select Create account (desktop) or click sign up (mobile) if you agree to their rules.

  5.  You will then receive a verification email in your registered email address

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

How Human Noise Kills Marine Species, as revealed by Scientists

Scientists have warned that the discord of noise made by humans is harming marine species .  A comprehensive assessment revealed that large noise from human activities was as harmful as pollution, overfishing and climate change .  The study that was conducted by the Journal Science exposed how marine animals can hear from far distances than they can see or smell. According to a report published in the Guardian, most of the marine life uses sound to catch prey as well as attracting a mating partner.  Prof Carlos Duarte of King Abdullah University in Saudi Arabia argued that: “Marine animal can only sea up to around 10 meters, smell up to around a hundred meters, but they can hear across the entire ocean basins.” The research concluded that sound “is very important in the marine ecosystems, and noise is pervasive, affecting animals at all levels .” The increasing cacophony in the marine habitat is interfering with how marine animals respond to various survival...
8 comments
Read more

Kenya’s Quest for New Chief Justice: Unraveling Maraga’s Successor

The Judicial service Commission (JSC) began the process of seeking Kenya’s new Chief Justice (CJ) and President of the Supreme Court, on Monday April 12, 2021. 13 individuals applied for the CJ position, but after a thorough scrutiny 3 were dropped.  The process began after the clearance of ten candidates wishing to succeed former Chief Justice David Kenani Maraga. Among those cleared for interviews were: Justice Said Chitembwe, Prof Patricia Mbote, Justice Martha Koome, Justice David Marete Njagi, former DPP Philip Murgor, Justice Mathew Nduma Nderi, Senior Counsel Fred Ngatia, Justice William Ouko, Prof Moni Wekesa, and Alice Yano. JSC interviewing panel The interview panel was cast out of a nine-member bench drawn from JSC which includes: Prof Olive Mugenda (public representative/ JSC chairperson), Philomena Mwilu (acting Chief Justice), Agnes Amadi (Chief registrar of judiciary), Justice David Majanja (JSC commissioner), Justice Mohammed Warsame (JSC commissioner), ...
Post a Comment
Read more

Why Ruto will heavily rely on Mudavadi, Joho in his reelection bid

 When Kenya president William Ruto was almost overwhelmed with gen z revolt, his landmark decision was to dismiss the entire cabinet. This occurred immediately after his refusal to sign the Finance Bill 2024/2025. Ruto endeavored to reconstitute a new cabinet, dubbed broad-based executive. He incorporated key opposition figures drawn from the ODM Party - a move that appeased the doyen of opposition Raila Amollo Odinga. Cabinet Secretaries drawn from ODM included: Hassan Ali Joho, Wycliffe Ambetsa Oparanya, John Mbadi Ng'onga and James Opiyo Wandayi. ODM is as good as dead, and Raila's age factor limits him from flying the Party's presidential flag again and has opted out by contesting as Africa Union Commission (AUC) chairman. President Ruto will heavily rely on two members of his cabinet in his reelection bid. Both Musalia Mudavadi and Hassan Ali Joho are billionaires going by their own assertion while appearing before the Parliamentary Committee on Appointments. President...
Post a Comment
Read more