Coinbase ‘s market cap is higher than many leading banks around the globe.
Recently, the CEO of blockchain analytics company Elliptic, Tom Robinson, shared an interesting graph on his LinkedIn profile.
The graph shows that Coinbase has a greater market capitalization (as of January 2021) than Spanish Santander Bank, UK Barclays, Swiss Credit Suisse, and German Deutsche Bank.
Coinbase’s actual market capitalization is $70 billion, almost like Goldman Sachs, which explains the company’s ambition to go public.
In December 2020, the American crypto exchange filed documents with the SEC to launch its initial public offering.
However, it is too early to say that the company has reached extraordinary heights in terms of service, since under many Coinbase tweets you can read lots of negative comments from users who cannot log in or lock their accounts.
Furthermore, when the price of Bitcoin achieves record highs, the platform often stops working. It is for these reasons that the team announced that they will soon be upgrading the platform to remove technological disruptions that lead to the loss of money due to the failure to sell and buy cryptocurrency at a precise time.
