Feb 20, 2021

Coinbase Valuation Hitting $100b

Remember when a $50b valuation for the upcoming Coinbase public offering was in play ? Well secondary share sales in advance of the offering seem to have punted this out of the window.

Coinbase shares have lately been traded at a $100b+ valuation, which is very impressive for a company generating $141m income in the first nine months of 2020 🏋️‍♀️.

Such a benchmark might be a great boost for other exchanges and by extension the whole crypto industry 📈. It would make Binance worth also around $100b, if at any time its CEO would have the desire to bring in external investors. Other major exchanges like Kraken would land in double digit billion range. This is a clear position of strength and would make Coinbase and Binance the second and third most valuable fintechs in the world.

Also, regarding market predictions, while analysts' forecasts might differ, the Coinbase valuation and the cryptomining boom are facts. It is always best to look where companies are putting their money, rather than all the smoke and mirrors of internet opinions ⚖️.