Coinbase pegs valuation at $68bn ahead of landmark listing
Al Jazeera
Coinbase Global, the biggest US cryptocurrency exchange, says recent private market transactions value the firm at around $68bn.
Coinbase Global Inc, the largest United States cryptocurrency exchange, said on Wednesday that recent private market transactions had valued the company at around $68bn this year ahead of a planned stock market listing. The eye-popping valuation underscores how the perceived value of Coinbase has rallied in lockstep with the surge in the price of Bitcoin.
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