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Some comments said that Coinbase has a potential valuation of between $ 90 billion and $ 100 billion before its direct listing on Nasdaq

Coinbase has yet to be publicly listed but markets have burst into flames in anticipation of the most awaited direct listing in the world of cryptocurrencies. And this will be the first major list ever recorded on the Nasdaq. Accordingly, some experts in that, the exchange price of Coinbase shares will be near $ 375, possibly raising the price of Coinbase to $ 100 billion.

Coinbase is valued at $ 100 billion before direct listing on the Nasdaq

An independent valuation based on the price of its shares on the private market determined that Coinbase has a potential valuation of between $ 90 billion and $ 100 billion before its direct listing.

According to operations at the end of February, this price will far exceed the previous valuation of $ 77 billion. At the time, secret sources told Coindek that as the big day approached, speculators were setting prices higher and higher.

During the final day of private trading before the live listing, investors traded Coinbase shares between $ 350 and $ 375. This would lift Coinbase’s valuation by up to 33% in weeks and 300% higher than what analysts expected for its IPO (priced at just $ 28 million).

Before going public, credited investors could trade Coinbase shares on the Nasdaq Private Market, a limited market with low volume and high volatility, where a limited number of participants It is possible to speculate on the prices of some shares of companies that are not publicly traded.

However, the numbers add up to its expected performance. After recording a bad year during the tough crypto markets in 2018, Coinbase has grown to be the giant it is today.

Due to its nature, the private market is not necessarily an accurate indicator of what happens when Coinbase becomes public; However, this is a great reference to see what the market expects to happen. And the future looks promising. The public launch of Coinbase is one of the most important supports for the crypto industry in recent times.

The United States is one of the countries with the highest volume of exchange transactions, has the largest GDP in the world, has a substantial concentration of crypto startups, and is known to have strict laws. when it comes to digital assets.

Listing on a stock exchange could provide an additional layer of legitimacy in the eyes of potential new users, stimulating the growth of the client base. This simply accelerates a growing trend over time, especially after the COVID-19 market crisis.

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