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

Why Matiang'i comeback threatens Ruto's re-election bid

  Former Interior cabinet secretary Dr. Fred Matiang'i is a great rival to President William Ruto in his 2027 re-election contest. Matiang'i is set to give Ruto a run for his money, owing to his track record as a cabinet secretary in the previous regime.  Former President Uhuru Kenyatta trusted Matiang'i more than any other cabinet secretary due to his workaholic nature and might be forced to finance his presidential quest.  The former Interior CS is reportedly eyeing the presidential seat on a Jubilee ticket, as alluded by the party's secretary general Jeremiah Kioni. Ruto's dalliance with the doyen of opposition politics and ODM party leader Raila Odinga had complicated the opposition's quest to unseat the sitting Head of State. Matiang'i comeback seals the vaccum left by Raila's departure. Why Ruto might lose Kenya's presidential seat in 2027 Ahead of 2022 general elections in Kenya , President William Ruto promised Kenyans heaven on Earth onl...
Post a Comment
Read more

Public Seal transfer: Inside Ruto's plot to secretly sell State Parastatals

  The reason why the Public Seal was allegedly transferred from the Attorney General office to the Chief of Staff in the office of the President of Kenya is yet to be known with quite a number of contradictory remarks. Phode News Hub delved deeper and unearthed imponderable dirty corrupt schemes and conspiracy to privatize State parastatals through illegitimate means.  Lawyer Ndegwa Njiru alleged that the Public Seal is in the custody of the Head of Public Service, Felix Kipatarus Koskei. All commercial engagements and accords will allegedly be sealed by Koskei on behalf of Kenya government. Kenya is glaring at the risks of  being auctioned by a person who lacks the legal knowledge to discern what should be sealed and what should not. According to the Attorney General Act 2012, Section 28 specifically provides that, “The Attorney-General shall have custody of the public seal of the Republic of Kenya." Standard Media exclusively reported that President William Ruto sec...
Post a Comment
Read more

Madaraka Day event where Government bent to the whims of the Opposition

  President William Ruto led Kenyans in the celebration of the 62nd Madaraka Day at Raila Odinga stadium in Homa Bay County on Sunday. Homa Bay County governor Gladys Wanga used the occasion to heap praises on Ruto's broad-based government and the numerous economic development that her region had benefited as a result of their cooperation. Wanga applauded the president for initiating a dual-carriage road network in Homa Bay town and the establishment of national government funded modern fish market in the region. The Madaraka Day event that was feted in Raila Odinga’s stronghold was themed: Blue Economy and Maritime Affairs. What Raila Odinga said The protocol was altered when Deputy President Prof Kithure Kindiki invited former Prime Minister and the doyen of opposition politics, Raila Odinga to speak. Raila asserted that the holding of the event in Homa Bay county was a clear testimony that 'coalition works’. The former premier rose to the occasion and urged President Ruto to...
Post a Comment
Read more