IPO Watch: Coinbase is rocking -- but is it enough?

February 17, 2021

In regard to trading volume, Coinbase is the largest cryptocurrency exchange in the United States.

Its market dominance is evident when viewing the current level of consumer mentions: The number of consumers talking about buying, selling, and storing cryptocurrency with Coinbase has been steadily trending higher: +647% YoY in the past month.

Interestingly, this huge increase in usage mentions is lower than the overall boom in consumer interest in Bitcoin, suggesting that Coinbase is likely starting to lose market share as more and more competent competitors enter the playing field.

Coinbase has plans to go public within the next few months. Shares currently trading on the Nasdaq Private market put the company’s valuation at ~$77 billion.

Want deeper insights? Get Free Access to The Vault.

Related Posts

LikeFolio 2019 IPO Preview

Despite recent market volatility and some arguing for a bear […]

Read More
Is Crypto Entering The Slope Of Enlightenment?

“You know it's time to sell when shoeshine boys give […]

Read More
Consumers react to PayPal's Crypto announcement

PayPal (PYPL) Last week we touched on a huge crypto […]

Read More
1 2 3 44

Related Posts

About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.
© 2024
 LikeFolio. All Rights Reserved.
LikeFolio