Experts have pointed out that Coinbase shares a lot of the same characteristics as Spotify and Slack, i.e. a high valuation and plenty of liquidity. Furthermore, it has been argued that a direct listing makes the company more palatable for investo
A big question though is whether Coinbase will create the ‘Coinbase effect,’ where cryptocurrencies listed on the platform will receive a boost in value since they are directly tied to the IPO. That said, if Coinbase’s IPO were to flop, it is quite possible cryptocurrencies will go down with it.
While it has been hinted that Coinbase could announce an IPO as early as 2020, it is quite possible Coinbase will wait for an opportune market to launch their IPO. Since the crypto market is highly volatile and unpredictable, timing can play a crucial role in the success of the Coinbase IPO.
Regardless of when Coinbase will announce their IPO, the implications for the cryptocurrency market are huge. This is a chance for a once underground and shadowy market to enter into the limelight with that coveted ticker symbol.
