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Kevin Travers: Hey, what's up
deBanked, we're here in Times

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Square in front of the NASDAQ
stock exchange where Coinbase

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went live with a direct listing
under the stock ticker coin. Now

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this is big news for the
cryptocurrency community. It's

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the first Bitcoin exchange to go
public. It addresses a major

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fear in investing in the asset
class, it's hard to get

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institutional investors involved
if there's no stock or ETF to

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put money into, it needs to be
pretty liquid to get big

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investors involved. As shark
tanks Kevin O'Leary said if I

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want to buy a million dollars of
it in the morning and sell a

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million dollars in the
afternoon, I can do that in ETF

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format. Now in Coinbase,
investors may finally have that

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option. The platform has 56
million users and Q1 revenue

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this year had $1.8 billion. With
numbers like that we could see a

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market cap of 50 or even $100
billion. That's 10% of what

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Apple's worth. Now Coinbase is
going public through a direct

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listing and not an IPO.
Difference is they're not making

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new shares. They're simply
letting investors sell shares

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they already got. It means they
don't need an investment bank to

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underwrite and the price will be
more volatile, but it's a faster

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and cheaper way to get shares in
the hands of the public. Now

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we're gonna go on to Time Square
and ask people what they think

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about the first Bitcoin exchange
going public.

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Steven Gorbea: Definitely a big
move for the cryptocurrency

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world.

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Alima Abdul: Coinbase on public
today. I feel like as like

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people start seeing like exactly
how big crypto is getting now

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everybody's gonna want to,like,
get invested into it.

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Charles Kerecz: I think
cryptocurrencies you know,

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especially with the Fiat money
and everything going on here

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it's gonna something's gonna
have to adjust either going back

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to gold or Bitcoin or crypto,
probably crypto because it can

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be easily transferred.

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Steven Gorbea: Wall Street's
star into accepted or they've

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been accepted it they always
played it off like they didn't

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accept it, you know. So this is
definitely definitely a big, big

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move.

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Kevin Travers: Well, it looks
like we're on the street is

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people are crazy for crypto, I'm
Kevin Travers with deBanked

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News.