Some of the top-rated crypto exchange platforms available have always given their best to offer a smooth bitcoin-based experience. Coinbase has booked a top spot among all these platforms as it is one of the most innovative crypto exchange platforms available on the internet. The platform was founded by Brian Armstrong, who belonged to San Francisco.
The success of the Coinbase platform can be witnessed by knowing that it has millions of users from 30 different countries of the world.
The people who have experienced accessing this platform for the one time claimed that they are highly impressed by the platform’s user interface. No matter whether the user has experience with cryptos or he is new to it; he will not face even a single issue while accessing the exchange platform. For more info visit the Auto-Trading Robot .
The unique thing about this crypto exchange platform is that one can access plenty of different digital currencies on Coinbase. There is no need to worry about risk as the platform is developed with a primary focus on its security.
How the Company planned to take a path for Coinbase IPO?
Coinbase was required with the fund for the purpose of expansion and some other uses. It performed seven rounds for this and was able to gain funds for almost $547 million. Some of the leading investors around the world, which mainly includes Tiger Global management and Y Combinator. After experiencing such a good funding response, the financial analysts concluded that launching the Coinbase IPO would be the best step as the valuation could be as high as $70 billion.
The Company decided to issue the IPO, for which it announced about filing S-1 with the Securities and Exchange Commission. The Company also sold some of its shares privately on Nasdaq’s private market prior to launching its IPO. This move was taken to get clarity about the response from the public offering.
The Selling of the shares took place through a direct listing, as mentioned by Coinbase. It has been observed that companies who want to buy shares often seek direct purchasing because they are not happy to pay the unnecessary nasty charges charged by the investment banks.
Some facts about Coinbase that should be known by everyone
If you have an interest in purchasing the IPO of Coinbase, then you will be amazed to know that Coinbase is one of the first major cryptocurrency exchange platforms that is going to get public. This is a good sign as a collaboration between digital currency and the ordinary investment world.
After this action, cryptocurrencies have become more legitimate in the market, and people will get admired for accessing Coinbase. It has been because no one expected that any crypto exchange platform would get public and catch the attention of users at such a considerable level.
What are the various sources through which Coinbase often makes revenues?
Every platform which offers some type of service to the public through online mode has various sources which are meant for them to make revenues. Just like this, Coinbase also has some of the alternatives through which it makes revenues for sustaining in the market. You should know that this is a flat rate, or it can also be the variable percentage.
The thing is that it is entirely based on the region, features, and payment types used by the users. One of the other ways by which the Coinbase platform makes money is through the margin of up to 2 percent on every transaction which the users make on this platform. Some other streams of revenues of the Coinbase platform are listed below, so if you want to know about them, you should continue reading.
- The Coinbase Pro is a platform that helps enable the users to trade directly on Coinbase and helps in backing the user’s transaction on this platform.
- The next source of revenue of the Coinbase platform is Coinbase commerce. It is a software as a service product that helps in providing the service of payment processing for online traders.
- Coinbase card is a visa debit card that helps in converting cryptocurrencies into dollars and helps to enable the users to make purchases at any time and from any place where the visa cards are being accepted.
- You need to know that a cryptocurrency named USD coin is also offered by the Coinbase platform with a value determined directly by the US dollar, where there is always a one-on-one relationship between the two currencies.
Things you need to consider before investing in the IPO
You need to know that when investing in any sort of stock which has an inherent risk, you need to rely on risk tolerance. It is also very essential for you to evaluate the prospects of the Company before you invest in it.
The analysts are stating that according to the performance of the Coinbase platform in recent years, it is expected that the Company is going to perform well.