$117,793.00
-0.15%$3,585.77
0.93%$3.42
-0.89%$732.54
0.34%$176.73
-0.37%$0.999889
0.00%$0.241115
1.95%$3,576.95
0.85%$0.317717
-2.57%$0.824931
0.73%$117,584.00
-0.18%$4,333.20
1.24%$44.29
-0.74%$0.458312
-1.18%$3.83
0.98%$18.36
2.49%$0.265235
1.47%$24.48
4.00%$511.97
-0.68%$3,838.73
1.08%$0.00001482
0.76%$112.80
10.64%$3,583.87
0.94%$8.99
0.19%$3.19
-0.35%$0.999922
0.00%$1.002
-0.05%$4.39
3.62%$44.14
-0.20%$117,795.00
-0.18%$10.14
-0.08%$322.99
0.80%$1.00
-0.12%$0.00001338
2.78%$4.93
0.80%$318.20
-1.98%$0.120335
1.94%$413.57
0.21%$24.19
4.69%$2.91
3.34%$1.18
-0.02%$5.30
-0.72%$0.44361
-1.25%$1.027
1.87%$5.79
1.46%$49.20
1.40%$215.01
-0.35%$0.430988
9.95%$0.800764
0.67%$1.00
0.00%$0.00003287
0.70%$0.289903
-1.71%$0.094871
2.87%$0.02776857
2.13%$0.462077
2.18%$5.00
2.78%$1.00
-0.09%$3,588.29
0.84%$4.16
2.63%$0.239041
1.46%$17.07
1.52%$0.780491
2.88%$0.350602
0.25%$10.12
1.08%$1.14
0.45%$4.52
0.01%$0.03097967
-2.90%$2.79
1.03%$1.06
-0.00%$0.082585
-2.62%$187.82
-0.25%$3,753.81
1.27%$4,085.57
0.87%$117,521.00
-0.32%$1.80
2.02%$113.15
-0.03%$0.543888
1.83%$4.94
-0.12%$11.99
0.63%$0.094092
10.98%$0.996966
-0.00%$0.999587
-0.04%$0.00413017
-1.36%$1.99
1.17%$1.42
5.34%$0.02020276
1.07%$14.13
3.08%$4.65
-1.06%$1.002
0.12%$3,766.57
0.96%$0.971713
-0.91%$0.843204
0.92%$1.33
0.45%$0.00013771
1.81%$3,827.61
0.51%$0.75772
1.20%$3,872.32
0.86%$0.382001
0.40%$3,778.94
1.10%$118,322.00
0.50%$1.00
-0.00%$0.612051
5.46%$1.76
0.75%$0.109537
2.22%$198.35
-0.57%$1.072
5.99%$1.005
43.83%$1.00
-0.01%$1.11
4.00%$0.165543
-1.47%$733.65
0.40%$0.600355
1.66%$3,359.58
0.27%$117,667.00
-0.06%$27.88
1.87%$1.11
0.00%$2.65
0.88%$117,675.00
-0.19%$0.232812
1.32%$0.900979
2.39%$0.0192313
2.79%$230.95
-0.59%$0.999993
0.04%$3,352.08
0.18%$0.01696966
1.28%$0.327694
1.24%$3,583.24
0.93%$9.52
-13.87%$3,827.71
0.61%$0.131249
0.47%$3,758.61
2.05%$2.78
0.49%$0.869453
-3.33%$4.47
-0.48%$44.66
0.85%$0.269366
-1.08%$111.86
0.00%$0.00000071
0.42%$3.79
-0.18%$0.43188
3.69%$1.94
0.32%$0.998835
-0.01%$1.00
0.01%$0.338024
2.58%$117,459.00
-0.25%$1.99
-3.00%$1.095
1.26%$3,582.69
0.93%$0.00688889
7.48%$0.01836203
-0.45%$0.240913
1.51%$0.00000158
4.06%$30.41
3.30%$0.437266
0.13%$0.00874064
-0.33%$0.05861
3.35%$117,850.00
0.08%$0.997836
0.01%$1.66
2.04%$0.0098081
6.82%$0.348105
1.44%$117,879.00
-0.03%$3,814.12
1.09%$3,583.52
1.52%$0.543526
-1.09%$0.678068
1.21%$0.105508
1.66%$1.28
1.68%$1.00
-0.02%$0.999751
-0.01%$0.073711
0.01%$3,584.03
0.89%$3,957.31
0.96%$1.16
0.02%$44.26
-0.74%$0.509948
-0.05%$0.140901
1.88%$0.670984
1.99%$7.09
3.19%$0.197506
4.42%$0.997715
-0.17%$1.54
3.37%$7.42
0.80%$51.69
0.46%$16.99
1.78%$3,872.15
1.11%$0.00002341
5.57%$0.390077
0.21%$0.221651
4.03%$0.424912
0.68%$0.00000046
-1.24%$0.425621
1.07%$2.70
1.92%$0.316096
-0.06%$0.060103
2.04%$10.75
0.00%$3,582.43
1.09%$44.19
-0.99%$0.04352363
2.34%$0.089868
1.83%$0.162341
0.57%$3,581.77
0.76%$7.25
-8.74%$1.093
-0.01%$0.999773
-0.01%$0.998368
-0.61%$0.997621
0.20%$4,326.49
1.48%$0.602208
2.43%$0.00400737
0.29%$1.64
1.09%$117,495.00
-0.54%$147.03
0.78%$0.00749436
1.81%$0.999959
-0.00%$0.864567
8.06%$0.847824
2.09%$29.80
4.22%$193.62
-0.26%$0.38629
3.24%$1.38
0.29%$0.375638
0.81%$0.0054576
0.82%$12.77
0.97%$0.569647
0.52%$24.50
4.10%$0.00006648
-0.13%$0.03746433
-2.02%$4.37
5.15%$0.01877696
-2.30%$0.00408962
13.99%$3,756.71
0.67%$117,638.00
-0.21%$0.0327943
2.06%$21.35
-0.30%$0.238802
1.46%$0.831668
1.56%$0.00409329
1.71%$0.744433
-0.74%$0.337029
-0.30%$3.77
3.52%$4,048.42
1.18%$0.99866
-0.01%$1.059
-0.50%$0.999863
-0.09%$7.24
-0.15%$0.999734
-0.01%$0.501353
1.77%Reading
Role
Co-founder and CEO of Coinbase
Location
San Francisco, California
Education
Rice University
Current Project
Coinbase
Previous Projects
Airbnb, UniversityTutor.com, Deloitte, IBM
San Francisco-based Coinbase yesterday announced that it has confidentially submitted a filing for an Initial Public Offering.
But while public investors must wait until Coinbase hashes out the details with the US Securities and Exchange Commission, crypto exchange FTX has jumped the gun, and may soon let its customers in on a pre-listing futures contract market for shares in Coinbase, FTX’s CEO, Sam Bankman-Fried told Decrypt.
As first reported by Coindesk, and as confirmed to Decrypt, Bankman-Fried is working with CM-Equity, the German capital markets firm FTX partnered with when it launched tokenized stock markets in October, to work out whether the market would be compliant. "We're going to try to do it, but not sure yet whether we'll be able to," Bankman-Fried told Decrypt.
An IPO is kind of like an ICOICO, although instead of cryptocurrency tokens, up for sale are shares in a company. And instead of avoiding the US Securities and Exchange Commission like the plague, Coinbase is embracing the regulator and will only run the IPO with the SEC’s blessing.
Coinbase raised $547.3 million in funding since it was founded in 2012, according to CrunchBase data. Crypto market analysis firm Messari valued the exchange at $28 billion. In July, Coinbase disclosed that it has 35 million customers.
Your stock is gonna dump everytime your servers go down which is daily
— Themovingavg (@themovingavg) December 17, 2020
FTX launched a similar pre-IPO market for Airbnb ahead of its launch on December 10. When Airbnb’s IPO launched, shares more than doubled in price.
So, how to buy a stake of this hypothetical Coinbase pre-IPO contract?
Well, on the assumption that it’s no different to the AirBNB contract, you’ll have to sign up for FTX, then buy some of the US-dollar-pegged stablecoin, USDC. Coincidentally, USDC is run by Centre, a Consortium of crypto company Circle and...Coinbase!
To buy some USDC, you can buy it straight from crypto exchanges like Coinbase in exchange for fiat currencies, or trade it for another cryptocurrency, such as Bitcoin.
Then, you can swap your newly purchased USDC for FTX’s tokenized Coinbase IPO stock. And voila! A tokenized piece of Coinbase CEO Brian Armstrong himself. Which piece will you buy?
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Minutes after President Donald Trump signed the GENIUS Act into law, the CEOs of the world’s two largest stablecoin issuers laid out their plans for complying with the landmark legislation, with each making the case that their own company is better suited to America’s new regulatory landscape. Paolo Ardoino, CEO of Tether, the world’s top stablecoin issuer, told Decrypt Friday his company intends to make sure USDT—its flagship dollar-pegged token—complies with the GENIUS Act’s regime for foreign...
Charles Schwab would like to issue its own stablecoin, its CEO Rick Wurster told analysts in an earnings call Friday, adding the firm to a growing list of traditional finance giants exploring the tokens as the U.S. prepares to enshrine stablecoin regulation into law. "Stablecoins are likely to play a role in transacting on blockchains and that's something we do want to be able to offer,” Wurster said. The executive's comment on offering a dollar-pegged token comes as Schwab aims to deepen its...
Bitcoin treasury giant Strategy has always been coy about naming its BTC custodians. But people outside the firm do know who they are. For starters, Strategy has repeatedly cited its “various custody arrangements”—there is no one exclusive custodian that’s holding onto its nearly $72 billion worth of BTC on the company’s behalf. A spokesperson for Coinbase confirmed it is one of Strategy's custodians when asked by Decrypt—but stressed that MSTR has previously named Coinbase as one of its custodi...
