Explainer: Coinbase’s IPO and cryptocurrency industry

World Today

The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton


Coinbase has become the first cryptocurrency company to be listed on the Nasdaq. Its performance will be watched closely as the industry hopes it will help open the floodgates for crypto transactions.