Cryptocurrencies

Coinbase Sails Toward $100 Billion Valuation on Crypto Frenzy

‘Holy Grail’ will be to build on new wave of corporate users
XRP listing history shows pitfalls of murky U.S. regulation

Cleo Capital Managing Director Sarah Kunst discusses Coinbase's upcoming IPO, its $100 billion valuation, and how the listing may change the cryptocurrency space. (Source: Bloomberg)

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By Matthew Leising and Benjamin Bain

April 12, 2021 at 12:00 PM UTC

This article is for subscribers only.

Looks like Wall Street is about to get 100 billion new reasons to believe in Bitcoin.

Coinbase Global Inc., the fast-growing exchange at the center of the speculative frenzy in cryptocurrencies, is expected to go public this week at a staggering valuation of about $100 billion. That’s more than the venerable New York Stock Exchange and Nasdaq Stock Market combined -- for a company that didn’t even exist a decade ago.