IPO – Page 6 – Ƀitsell X

Robinhood’s crypto business explodes in the first quarter despite GameStop controversy

April 9, 2021

The popular trading app offers commission-free trading for Bitcoin, Ethereum and other cryptocurrencies. Robinhood, a popular trading app targeting millennials and other inexperienced investors, has become a major hub for cryptocurrencies, offering further evidence that digital assets are garnering mainstream appeal. The company reported Thursday that 9.5 million users traded digital assets on its platform…
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Kraken reiterates tentative plans for direct listing next year

April 8, 2021

A direct listing is a more likely route for the digital currency exchange, CEO Jesse Powell says. His comments echo previous statements delivered to Cointelegraph. Kraken, one of the world’s largest cryptocurrency exchanges, has tentative plans to go public next year, according to CEO Jesse Powell. Powell appeared on a segment on CNBC after Kraken…
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Coinbase’s first quarter revenue hits record $1.8B ahead of its Nasdaq listing

April 7, 2021

Coinbase raked in $1.8 billion revenue in the first quarter of this year according to new figures released one week prior to the company’s public listing on the Nasdaq. Coinbase has announced impressive first quarter results one week before the exchange’s direct listing on the Nasdaq, estimating that trading volume is up 276% and quarterly…
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Bitcoin ‘on brink of strong breakout,’ says analyst ahead of Coinbase IPO

April 3, 2021

$60,000 may soon go the way of $20,000, Filbfilb believes, but a potential sell-off around the Coinbase IPO means April could yet spark problems for bulls. Bitcoin (BTC) is primed for a price breakout after beating out volatility, but April may still produce a surprise sell-off. In his latest market update on Friday, Filbfilb, co-founder…
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Coinbase expects direct listing on April 14

April 2, 2021

The San Francisco-based company could be the first crypto exchange to go public in the United States. U.S.-based crypto exchange Coinbase says it anticipates going public with a direct stock listing in two weeks. According to a Coinbase blog today, the U.S. Securities and Exchange Commission, or SEC, has declared the crypto exchange’s S-1 registration…
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eToro going public: CEO Yoni Assia reveals key details behind the move

March 27, 2021

A number of factors indicate that the present is a beneficial time for eToro to go public, according to the company’s CEO. Over the course of 2020, eToro sized up significantly, as Assia explained: “We’ve grown more than 147% year-over-year revenues,” he noted. This year rolled in with mainstream and crypto bull markets in full…
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Coinbase’s Reddit AMA: ‘It’s like Amazon in the early days’

March 24, 2021

Brian Armstrong compares Coinbase to Amazon in the early days in terms of innovations that will benefit customers. The CEO of U.S. crypto exchange Coinbase Brian Armstrong has apologized for poor customer support and revealed the company could integrate with DeFi protocols in a comprehensive Ask Me Anything session on Reddit. The Reddit AMA (Ask…
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Robinhood files SEC paperwork for public offering

March 24, 2021

The popular trading app has submitted a draft registration statement on Form S-1 with the SEC. Robinhood Markets Inc., a popular trading app that recently expanded its cryptocurrency business, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to go public. The company confirmed Tuesday that it had confidentially submitted a…
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Pricing the hype: Crypto companies valued at billions as market booms

March 6, 2021

Crunching the numbers: Analysts and industry experts weigh in on crypto firms like Coinbase and Kraken being valued in the billions. Cryptocurrency and blockchain firms are attracting billion-dollar valuations as the space continues to see major investment in 2021. The likes of exchanges Coinbase and Kraken have had mind-boggling numbers attached to their plans to…
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Coinbase custodies 11% of entire crypto capitalization

March 2, 2021

The custody service of leading U.S. exchange Coinbase now controls more than 10% of the combined crypto asset market cap. Crypto data aggregator Messari has reported that the quantity of crypto assets stored in custody on U.S. exchange giant Coinbase surged in the last quarter of 2020. Messari Crypto has revealed that as much as…
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Category: IPO