How to buy Coinbase shares for cryptocurrency trading before the IPO?
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Answer How to buy Coinbase shares for cryptocurrency trading before the IPO?
San Francisco-based Coinbase announced yesterday that it has submitted a formal application for its initial public offering.
Cryptocurrency exchange Coinbase is preparing for an official IPO
But public investors will have to wait for Coinbase to compile and fine-tune the details with the US Securities and Exchange Commission.
But there is another solution preceded by the “FTX” cryptocurrency trading platform, which will soon allow its users to enter the futures market in advance to buy “Coinbase” shares through the “FTX” trading platforms, according to what was stated by “Sam Bankman-Fred” CEO of the platform “FTX” for Coindesk.
According to the source, Sam Bankman-Fried is working with CM-Equity, a German capital markets firm, and partnered with it when the FTX platform launched the digital stock markets in October.
Read:Kraken reveals security flaws in a large number of US Bitcoin ATMs
An initial public offering is a bit like an “ICO”, although instead of offering cryptocurrencies, shares of a company are offered.
As a reminder, Coinbase has already raised $547.3 million in funding since its founding in 2012, according to “Data”CrunchBase“.
Analytics firm Messi has estimated Coinbase’s value at $28 billion.
In July, Coinbase revealed that it had 35 million users.
Trading platform FTX launched a marketplace similar to Airbnb’s initial public offering ahead of its December 10 launch.
When the Airbnb IPO was launched, the share price more than doubled.
So how do you buy a stake in a virtual Coinbase contract before the IPO?
Assuming that it is no different from what FTX did previously with “AirBNB”, you will first have to register on the FTX trading platform, then buy some stablecoins linked to the dollar “USDC”. And… Queen Piece!
After that, the USDC cryptocurrency can be exchanged for Coinbase shares for an IPO on the FTX platform.
Read:Bitcoin is facing an “inflection point”, according to the director of the information department at “Soros” company.
Thus, it will be among the first investors to buy Coinbase shares before the IPO.
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