“We are still in the early stages of adoption. The market value of exchange-traded crypto assets were approximately $782 billion as of December 31, 2020,” Coinbase said in its filing.
“Our objective is to drive the growth of the overallcrypto-economy. We will accomplish this by serving the needs of all consumers who manage their financial lives on a mobile device. Additionally, every institution — large or small —which embraces the emerging internet of value,” continued Coinbase.
Gil Luria, Director Of Institutional Research D.A Davidson described Coinbase’s long-awaited IPO as an “Amazon moment for crypto.” Digital currencies will move from “a large curiosity to becoming the future path for much of the financial system.”
