Coinbase stock IPO 2020 (Buy Cryptocurrency Trading App Stock?)

Coinbase just announced they would potentially be going public and selling Coinbase stock through a direct listing. This coinbase ipo will not actually be an IPO since the company won't be raising any money. They are solely selling existing Coinbase shares, which can help free up some money for the insiders with a lot of equity. Coinbase stock would also avoid getting ripped off by having underwriters selling shares for a price far below the market value, which is what just happened to Lemonade.

Coinbase isn't actually a cryptocurrency. Coinbase is a cryptocurrency platform in which you can buy and sell cryptocurrencies such as Bitcoin, Etherium, and Litecoin. Coinbase expects to have their public debut sometime later this year or early 2021. Coinbase still hasn't taken any steps with the SEC yet, and is still just talking. In a 2018 round of fundraising Coinbase stocks were being sold, which led them to raising 300m, which valued Coinbase shares in total for the company to be about 8 billion dollars.

Robinhood does also offer Bitcoins and other crypto trading, but there is so much bad you just need to hear it in the video.

Coinbase has a few different branches of their business and an exciting one is Coinbase commerce. ecommerce is on the rise and being able to provide and accept cryptocurrencies like Bitcoin is huge along with their integration with Shopify, which is an incredibly fast-growing company that investors love and continue to buy no matter what.

They also have the coinbase wallet to help you stay organized and keep all your digital assets in one place. You can easily send and receive crypto to or from anywhere in the world.

This is a very unique company to say the least and I like the business model. It would also be the first crypto platform to be publicly traded. 8B is a hefty valuation even for a Unicorn, but they supposedly did 1B in revenues back in 2017, so this 8B valuation might not be as big as it seems. Cryptocurrency usage and adoption is growing extremely fast, which helps this company a lot. It will be exciting to wait and see if we hear any more news that might hint at this coinbase stock ipo becoming a reality.

Thanks for watching! Be sure to like and subscribe. New videos every Monday, Wednesday, and Friday at 7PM Eastern.

- Get $5 with CashApp:
https://cash.app/app/VWRNRFW
- Get 2 Free Stocks With WeBull valued up to $1400
https://act.webull.com/e/EzwPAFtf5SzU/brc/
- Sign up for a free Stock
Robinhood Link: https://invite.robinhood.com/christg5342
Robinhood Tutorial: https://youtu.be/JWiGqQcwsm0

#coinbase #coinbasestock #crypto

Disclaimer: This video is an expression of my opinions. I'm not a financial advisor and the content in this video is meant for educational purposes. Always do your due diligence when considering investment options. how to buy bitcoin on coinbase