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Stock impact report

The crypto shake-out shows boring is back [Toronto Globe and Mail (Ontario, Canada)]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Sign up for the new Globe Advisor weekly newsletter for professional financial advisors on our newsletter sign-up page . Get exclusive investment industry news and insights, the week’s top headlines, and what you and your clients need to know. When Coinbase Global Inc. COIN-Q first listed on public stock markets last year, it was quite the moment for the crypto exchange itself and for the digital assets industry more broadly – the moment crypto was allowed behind the velvet rope and into the Wall Street establishment. No matter that the company’s own regulatory filings said it was reliant on a small number of customers, nor that it said employees “generally do not maintain the same compliance customs and rules as financial services firms.” It was effectively a case of “shut up and take my money.” The listing delivered Coinbase a market capitalization of US$65-billion, at the time on a par with the value of Intercontinental Exchange, the owner of the New York Stock Exchange itself Show less Read more
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