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‘Watershed moment’ as Coinbase IPO widens crypto investor pool – Sydney Morning Herald

Listing opens the door for institutional and ultra-conservative investors to ride the booming popularity of digital coins, without needing to hold any themselves….

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The public listing of cryptocurrency exchange Coinbase, with an expected valuation of $US100 billion, will open the door to more investors riding the bitcoin wave without having to directly buy the digital currency.
Coinbase is the largest US-based cryptocurrency exchange, used by 56 million people to buy, sell and trade cryptocurrencies. Its IPO comes amid a surge of interest in cryptocurrencies, fuelled by bullish investment from the likes of Tesla and MassMutual, as well as new applications for…

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