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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

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