What UK investors need to know about the Coinbase IPO - News Summed Up

What UK investors need to know about the Coinbase IPO


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



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