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:

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

Carbon dioxide to Make Jet Fuel, Study Reveals

Photo Source: twitter.com Aircrafts release a lot of carbon dioxide in the atmosphere which contributes to climate change. A research that was conducted by Science News and reported on December, 22 2020 stated that there was a new iron-based catalyst that has been invented to convert carbon dioxide into jet fuel. It is only a matter of time that carbon dioxide pumped to the atmosphere by planes could be sucked and used to power the same. The air travel’s footprint in carbon emissions could be tremendously curtailed, if the carbon dioxide that is released is recycled to generate fuel. As per Science News reports, Air transport contributes to about 12 percent of the entire transportation carbon-related emissions. Unlike cars, aircrafts cannot carry bigger batteries which can be run on electricity generated from wind or solar panels. The current breakthrough in the conversion of carbon dioxide to fuel involves cheap ingredients such as iron and transformed through a single s...
3 comments
Read more

Why Mt Kenya Leaders are wary about Change of Guard

As 2022 succession battle gains momentum in Kenya, leaders drawn from Mt Kenya region have become more concerned of their political future and survival. Mt Kenya region is predominantly occupied by the agikuyu, ameru and aembu communities. The region has produced three out of the four presidents. It boosts about the tyranny of numbers, thus making the region a battle ground for leaders from other region seeking to succeed President Uhuru Kenyatta.  Central alone produced Mzee Jomo Kenyatta, Mwai Kibaki and Uhuru Kenyatta as presidents. The only other Kenyan president drawn out of the region was Daniel Arap Moi. In the recent past, the region has gone against the tide of State operatives as a sign of revolt over what they term as negligence from the government, despite electing one of their own to the much coveted seat.  Deputy President William Ruto has taken advantage of the brewing rebellion through making serious political forays in Central and its vicinity. ODM leader Rail...
Post a Comment
Read more