The cryptocurrency exchange platform Coinbase is publicly traded on the NASDAQ exchange under the "COIN" ticker. The company went public on April 14, 2021, via direct listing. The company is led by CEO and co-founder Brian Armstrong, who previously worked as an Airbnb product engineer.
When cryptocurrencies debut on Coinbase, they tend to see a dramatic rise in price immediately after their listing, a phenomenon that has come to be known as the Coinbase effect. This is because a listing on the platform signals its legitimacy to crypto investors. However, a listing on the exchange does not necessarily signal an endorsement or valuation of the coin or the blockchain upon which it is built.
Launch Date: June 2012
CEO: Brian Armstrong
Traded on: NASDAQ
Valuation: $5.86 billion
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