Here, This is Money outlines the key points investors need to know about Coinbase, and its stock market launch and how UK-based investors will be able to trade its shares. This week the price of Bitcoin, traded on sites like Coinbase, hit an all-time high of $63,000. With so much interest in crypto, Coinbase expects first quarter revenues of $1.8billion with net income of $730million to $800million, generated by around 56million verified users. David Kimberley, an analyst at Freetrade, said: 'An IPO normally involves a company selling its shares to investors for a fixed sum. Interactive Investor has said its customers will be able to trade Coinbase shares via its platform later today.
Source: The Nation April 14, 2021 18:00 UTC