Coinbase’s stock price is on the rise and the crypto exchange’s public listing has been a success, as the company’s shares began trading on April 14th at a closing price of $328.34. With the stock price increasing to a high of $429.54 in mid-May, Coinbase is now looking to take advantage of the momentous opportunity presented by its public listing.
Coinbase’s newly listed shares on Nasdaq are giving the company the potential to raise more than $250 million in equity funding. This additional capital can then be used to further invest in the company’s leading products, technology, compliance, and other core infrastructure needs. Additionally, the influx of fresh capital will offer Coinbase new opportunities for expansion, such as expanding its customer base in international markets and providing more access to new cryptocurrencies.
Coinbase has also introduced a wide range of new products and services to users since its public listing. The platform has set a new standard with 24/7 customer service, as well as a feature that allows customers to set up debit card payments, access additional exchange services, and quickly access province-based storage. Coinbase has also unveiled several new offerings, such as staking, collective staking, and skilling. All of these new products heighten the user experience and make Coinbase an even more attractive platform.
Coinbase is considered one of the leading digital asset exchanges in the world and the platform is well-positioned to take advantage of the current demand for cryptocurrencies. Investors should take notice of Coinbase’s newfound opportunity to capitalize on its public listing, as the stock price could see a sizeable move in the near future. Going forward, Coinbase is set to continue to benefit from the growing popularity of cryptocurrencies and seize the momentous opportunity that its public listing has provided.