Coinbase’s Value Is $1 Billion Below ‘Joke’ Token Dogecoin’s
- Coinbase sees sustained revenue hit in coming year, CFO says
- ‘Sillier’ crypto projects are doing relatively well amid flux
This article is for subscribers only.
Coinbase Global Inc., the largest public digital-asset exchange in the US, is trailing behind meme cryptocurrency Dogecoin in terms of market value.
The exchange now has about $8 billion in market capitalization while the value of Dogecoin — originally created as a joke in 2013 — is topping $9 billion. The measurement does not necessarily reflect the intrinsic worth of those projects, but it may show how a meme coin can outperform the shares of a major US-based exchange amid a highly volatile market.