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Home Cryptocurrency news

Why A Stock Market Listing For Coinbase Is Ultimately Ironic For Crypto

Tony Spilotro by Tony Spilotro
10 months ago
in Cryptocurrency news
Reading Time: 2min read
coinbase crypto ipo sto stock market
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Yesterday, rumors began circulating regarding crypto exchange Coinbase going public with an $8 billion stock market listing.

While there’s no denying the move would be positive for the space, it would ultimately be an ironic situation for the company and industry.

Rumors Suggest Coinbase Is Preparing Stock Market Debut and IPO

According to sources close to the matter speaking under strict confidentiality, Coinbase may be preparing an IPO.

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For crypto investors unfamiliar with the traditional market terminology, IPO stands for initial public offering.

IPOs occur when companies “go public” for the first time and make shares available to public investors.

It’s essentially the legitimate stock market version of the ICO.

Related Reading | Report: Crypto Exchange Coinbase is Gearing Up for an $8B+ Stock Market Debut

The cryptocurrency exchange is one of the most successful brands in the space. It became synonymous with crypto during the bubble of 2017 after topping Apple App Store charts.

Many competitors have since stolen market share, but it remains among the most popular fiat gateways even today.

The come up from the underbelly of the finance world to going public would go a long way in legitimizing the industry.

But in an ironic twist, it also in a sense tarnishes the industry itself.

Crypto Exchange Launching Via Traditional Methods Is Ironic Twist For Industry

Coinbase going public with an IPO could bring significant interest to the crypto market. Institutional and mainstream investors may see it as a stamp of approval for the entire asset class.

But the company focusing on emerging technologies launching through traditional means is ironic for the brand and industry.

Coinbase is in a unique position to lead the charge toward a future where shares are distributed over the blockchain as security tokens. The platform even offers cryptocurrency assets designed as such a launchpad, yet may be eying traditional methods instead.

Coinbase likely wants to go the most comfortable route for big-money investors. However, does this also send a message that crypto assets aren’t ready to support such initiatives?

Related Reading | Could Crypto Exchange Coinbase Be Pumping Tezos To The Moon?

Security token offerings offer an avenue for Coinbase to tokenize its shares and make them available via the blockchain. Tezos, a popular altcoin listed on the exchange is designed for this use case.

And while the IPO rumor isn’t confirmed and its too early to tell if Coinbase will choose an STO over traditional means, the ball is in the exchange’s court to lead the charge toward the future of finance.

If it doesn’t and chooses traditional methods to launch its IPO instead, what does that really say for the state of the crypto industry?

Tags: bitcoincoinbasecryptoICOIPOSTOStock Markettezos
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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