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. 

During the last couple of months, numerous bitcoin start-ups alongside with already consecrated ones have published their initial public offerings (IPO), as a way of gathering investors and launching their new services on the market. While most of them have been successful, there’re also companies which sometimes decide to cancel out their IPOs in the last minute.