Just a few days ago, Coinbase, one of the crypto market’s best-known companies, held its initial public offering (IPO). This entails the sale of shares and the listing of the aforementioned company on a publicly-traded stock exchange. Companies often do this to usher in veritable cash flow that is then utilised to expand by building new products and enhancing the ones that are already available. Coinbase is therefore one of the first crypto companies to ever go public, but it’s recent endeavour may pave the way to numerous other crypto-based businesses taking similar steps. 

It’s very likely that over the next few years, as crypto companies scale, there’ll be considerable opportunity to purchase crypto stock, some of which will likely be tradeable within blockchains as synthetic assets. This is exactly what Binance did for Coinbase’s $COIN ticker, but also for Tesla. 

Since people first started trading bitcoin a couple of years ago, its price has always depended on a couple of aspects, such as trading volume, popularity, rate of adoption, press news, developments and so on.

According to recent reports, Gemini, one of the world’s biggest bitcoin exchanges has recently announced that it will launch a daily auction feature, meant to determine the trading price of the digital currency. To put things better into perspective, as it often is quite hard to settle on a price each day, the Gemini exchange now wants to allow users to set the price themselves, and hence find the true price of bitcoin every day.