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

Tony "The Bull" Severino

5 years ago

2 mins read

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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.

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.

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?

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?

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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