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The precise timing of the list isnвЂ™t clear, but Palantir Technologies Inc.вЂ™s The Coinbase listing is set to hit the Nasdaq on Wednesday. Fred Ehrsam, a Coinbase director, also played a role in the companyвЂ™s creation.ДЄccording to Forbes, ArmstrongвЂ™s net worth is currently $6.5 billion, based on his ownership in the company, and his wealth is likely to increase if the direct listing goes off successfully. The Silicon Valley crypto exchange was co-founded in 2012 by Brian Armstrong, 38, who runs the platform as chief executive. The following is what you need to know about the Coinbase lising.

In a direct listing, a company floats its shares on a stock exchange but without hiring banks to underwrite the transaction as in an IPO. The parent company of the New York Stock Exchange. Where Coinbase will directly list, and Intercontinental Exchange Some caution that the implied valuation for Coinbase as a crypto exchange has gotten too lofty, compared with traditional stock exchanges like Nasdaq Inc. вЂњCoinbase is a foundational piece of the crypto ecosystem and is a barometer for the growing mainstream adoption of bitcoin and crypto for the coming years in our opinion,вЂќ he wrote in a research note Tuesday. Wedbush analystВ Dan Ives said the listing is a reflection of cryptocurrenciesвЂ™ having arrived at the mainstream. вЂњCoinbaseвЂ™s direct listing is a watershed moment for the crypto industry.вЂќ Leeor Shimron, an analyst at FundStrat Global Advisors, described the Coinbase listing as seminal. Market Extra: This new ETF gets you access to the backbone of the crypto worldД¬oinbase, whose users primarily deal in bitcoin and ethereum, reported last week that its revenue soared 847% in the first quarter to $1.8 billion, and that it now has 56 million verified users. There are few ways to secure direct ownership of crypto currencies, outside of buying them directly, a service that Coinbase provides for a fee, and which investors appear willing to pay for.

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Ipod 4 vs ipos 5