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Coinbase goes public; Bitcoin hits all-time high at $62,718

That is around 912% gain in the past 1 year.
Coinbase goes public; Bitcoin hits all-time high at $62,718 67

Coinbase, the largest cryptocurrency exchange platform in the US is set to go public on April 14, valuing the company at US$100 billion.

The company was founded in June 2012 by Brian Armstrong and Fred Ehrsam, and currently has 1249 employees with over US$1.14billion in revenues in 2020.

Coinbase goes public; Bitcoin hits all-time high at $62,718 68

News of Coinbase going public also caused market frenzy in the cryptocurrency space, driving the value of Bitcoin to an all-time high.

The price of Bitcoin rose to $62,718, over 4% gains in the last 24 hours.

Bitcoin was trading at around US$6,873 at the same time back in 2020, making it a 912% gain within a span of just a year.

Coinbase goes public; Bitcoin hits all-time high at $62,718 69

Investors believe that cryptocurrencies could gain strong trust around the world after the successful listing of Coinbase.

Wilfred Tan
Former journalist cum editor. I lead the content creation process at News Asia Today. From the awesome country of Malaysia.