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Why the Coinbase listing could be the Beginning of the End for Bitcoin
Cryptocurrency exchange Coinbase has been offered to the public through a direct listing on the US tech index Nasdaq with a valuation of US$76bn (US$99bn including options and stock-based awards). The valuation, which surprises some commentators, has been taken by many industry players as another confirmation that the more crypto goes “mainstream”, the greater the confidence investors have in it.