Washington Post

Coinbase going public could signal new era for cryptocurrency

Coinbase chief executive Brian Armstrong sits for a portrait with Tina Bhatnagar, head of customer support and operations, at the cryptocurrency exchange's headquarters in San Francisco. Foto: The Washington Post/Christie Hemm Klok

Coinbase made history Wednesday when it became the first major crypto player to go public, with an eye-popping $85.8 billion valuation that moves the digital currency market closer to the mainstream.

The San Francisco-based exchange's direct listing on the Nasdaq is both a milestone and test run of the public's appetite for digital currency. In the past year, cryptocurrency has been embraced by such brands as Tesla and Square, while Wall Street giants as Goldman Sachs and Morgan Stanley have taken steps toward offering bitcoin and other digital assets to investors, CNBC has reported...

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