{"id":36630,"date":"2021-02-18T10:20:00","date_gmt":"2021-02-18T08:20:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36630"},"modified":"2025-08-29T07:19:10","modified_gmt":"2025-08-29T04:19:10","slug":"ftx-traders-value-coinbase-at-92-2-billion-ahead-of-ipo","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ftx-traders-value-coinbase-at-92-2-billion-ahead-of-ipo\/","title":{"rendered":"FTX traders value Coinbase at $92.2 billion ahead of IPO"},"content":{"rendered":"<p>The price of Coinbase stock futures traded on the FTX platform rose to $369. This implies a possible valuation of the bitcoin exchange at $92.2 billion after Nasdaq listing via direct listing.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Coinbase is set to become listed on Nasdaq sometime shortly and the pre-IPO contract on <a href=\\\"https:\/\/twitter.com\/FTX_Official?ref_src=twsrc%5Etfw\\\">@FTX_Official<\/a> gives <a href=\\\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\\\">@coinbase<\/a> an implied valuation of $92.2 billion.<\/p>\n<p>A valuation of $92 billion equals around 10% of the current bitcoin market cap.<\/p>\n<p>Read more: <a href=\\\"https:\/\/t.co\/PHNfgUm3VG\\\">https:\/\/t.co\/PHNfgUm3VG<\/a> <a href=\\\"https:\/\/t.co\/P0CGQWWYxn\\\">pic.twitter.com\/P0CGQWWYxn<\/a><\/p>\n<p>\u2014 Arcane Research (@ArcaneResearch) <a href=\\\"https:\/\/twitter.com\/ArcaneResearch\/status\/1361993462116212736?ref_src=twsrc%5Etfw\\\">February 17, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The corresponding FTX <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-launches-pre-ipo-coinbase-stock-price-futures\">launched on December 22<\/a>. Since then the company\\&#8217;s valuation has risen more than 50%. Arcane Research analysts expect that the initial public offering could take place in late February or early March.<\/p>\n<blockquote>\n<p>\u201cThe $92 billion valuation corresponds to 10% of Bitcoin\\&#8217;s market capitalization and places Coinbase on par with companies such as Snapchat and Lockheed Martin in this regard. The market value of one of Wall Street\\&#8217;s leading investment banks, Goldman Sachs, is only about $13 billion higher than the bitcoin exchange\\&#8217;s figure,\u201d the analysts wrote.<\/p>\n<\/blockquote>\n<p>The daily volume of trading the contracts is only $47,000, which may distort the real picture.<\/p>\n<p>According to CoinDesk sources, on the Nasdaq Private Market platform on February 12 Coinbase shares closed at $303. In three weeks the price rose from an initial level of $200. Together with 254 million outstanding shares this implies a valuation of about $77 billion.<\/p>\n<p>Sources told the publication that there is &quot;significant&quot; trading activity around Coinbase shares on Nasdaq Private Market, despite only 0.5% of the issuance being freely tradable.<\/p>\n<blockquote>\n<p>\u201cIt&apos;s not a handful of shares moving at $300 apiece. Every week tens of millions of dollars, a fairly sizable volume,\u201d they explained.<\/p>\n<\/blockquote>\n<p>Back in December, Messari analysts conservatively valued Coinbase <a href=\"https:\/\/u1f987.com\/en\/news\/messari-puts-coinbase-valuation-at-28-billion\">at $28 billion<\/a>.<\/p>\n<p>The first rumors about the company lining up a stock market listing, according to Reuters <a href=\"https:\/\/u1f987.com\/en\/news\/media-coinbase-to-pursue-direct-listing-on-nasdaq-reports-say\">appeared in July last year<\/a>.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of Coinbase stock futures traded on the FTX platform rose to $369. This implies a possible valuation of the bitcoin exchange at $92.2 billion after Nasdaq listing via direct listing.<\/p>\n","protected":false},"author":1,"featured_media":36631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1168,1236,1211],"class_list":["post-36630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-crypto-derivatives","tag-ftx","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36630"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36630\/revisions"}],"predecessor-version":[{"id":36632,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36630\/revisions\/36632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36631"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}