These are the crypto companies that could go public in 2021

2020-12-29 22:51

The crypto industry is finally going mainstream on Wall Street.

First and foremost, crypto began to curry favor with top banks and financial service companies this year such as Visa, PayPal, JPMorgan, and many others. Secondly, institutional investors have begun to allocate serious capital and attention to Bitcoin and other digital assets, citing the asset class’s ability to hedge against inflation and other macro trends.

This has thus made crypto an investable asset class from an equity standpoint.

Many expect large companies in the space to begin to roll out initial public offerings, where they can sell shares to raise money on public markets.

With money being extremely cheap due to record-low interest rates in the U.S. and stimulus cheques being sent to nearly every family, there is a consensus that going public now is a no-brainer. Airbnb’s shares, for instance, surged 100 percent on their first trading day earlier this month.

Coinbase

It is almost certain that Coinbase is going public in 2021.

As reported by CryptoSlate previously, Coinbase has revealed that it has confidentially submitted a draft registration (S1) form to the Securities and Exchange Commission (SEC).

“Coinbase Global, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”). The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions.”

This means that the firm is seeking to go public in the coming months.

The market appears to be excited about this initial public offering as is. Pre-IPO contracts for the leading digital asset exchange currently trade at an implied valuation of $60-70 billion for the company.

To put this figure into context, that would be around 20 percent of BTC’s market capitalization, Ethereum’s total market capitalization, or over three times the size of the DeFi market, as Santos explains.

Digital Currency Group

Digital Currency Group, a conglomerate that owns firms like CoinDesk and Grayscale Investments, is believed to be the next crypto giant that will go public after Coinbase.

Along with its primary arms/subsidiaries, which also includes an over-the-counter desk and lender Genesis Global, DCG also has a comprehensive venture capital arm that invests in firms across the space.

Owning firms like Grayscale Investments and Genesis Global, Digital Currency Group has built up not only an extremely profitable business but also a good reputation amongst institutional players that are friendly towards cryptocurrency.

This may make it logical for it to raise capital via public markets from notable institutional buyers.

The thing is, DCG may not need public funding to succeed.

Ripple

Ripple was the first billion-dollar company in crypto to hint at its intentions to go public when Brad Garlinghouse, CEO of the company, said in a New York Times interview at Davos’ World Economic Forum 2020 that Ripple could undergo an IPO.

These plans may currently be up in the air with the ongoing Securities and Exchange Commission (SEC) complaint regarding the sale of XRP.

Lawyers in the space, such as Jake Chervinsky, have mentioned that the potentially unknown or confusing status around XRP will make it difficult for public investors to invest in Ripple.

The post These are the crypto companies that could go public in 2021 appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto 2021 these public companies could cryptoslate

crypto 2021 → Результатов: 126


Safe Cryptos To Invest in During a Crypto Winter

Crypto winters are one of the greatest fears of crypto investors and are predicted to occur in four-year cycles, with the previous cycle occurring in 2018. Moving forth to the year 2021, this phenomenon is believed to have commenced in early November 2021, where massive selloffs of Bitcoin and Ethereum took place as a result of a collective of negative catalysts such as the US Infrastructure Bill, China’s clampdown on Bitcoin mining and the emergence of the Omicron Covid variant, just to name a few.

2021-12-14 13:00


BE A PART OF THE LARGEST CRYPTO EVENT CED 2021 AT FESTIVAL ARENA, DUBAI FESTIVAL CITY

Digital Asset’s trend is staying for a while, the interest to learn more about the Cryptocurrency is surging in the recent days. Crypto Expo Dubai 2021 is happy to announce the first wave of Crypto Enthusiasts taking part at the largest event,CED 2021 is a Premier Crypto Conference and Exhibition featuring more than 50 Crypto […] Сообщение BE A PART OF THE LARGEST CRYPTO EVENT CED 2021 AT FESTIVAL ARENA, DUBAI FESTIVAL CITY появились сначала на Coinstelegram.

2021-10-12 18:58


Фото:

Сможет ли Ethereum повторить судьбу биткоина?

Аналитик Messari рассказал, когда Ethereum может резко подорожать. Исследователь из организации Messari Crypto, Райан Уоткинс, полагает, что: «В 2021 году мы увидим, как классические финансовые компании начнут скупать Ethereum.

2020-12-28 11:18


Фото:

Zero to $318,000: Proponents and Detractors Give a Variety of Bitcoin Price Predictions for 2021

While bitcoin has jumped well above the $26,000 zone, a number of crypto proponents are extremely bullish for the crypto asset’s performance in 2021. During the last year, a number of pundits, experts, luminaries, and speculators have predicted bitcoin’s 2021 value after the digital currency has experienced a phenomenal year in 2020.

2020-12-27 05:00


Фото:

Ethereum Likely to Break All-Time Highs in 2021 as Analysts Eye Trend Pivot

Ethereum is struggling to match the momentum that Bitcoin is currently seeing The benchmark cryptocurrency has been gaining tremendous ground over Ethereum and the rest of the crypto market, with altcoins being unable to match its growth This has put any hopes of an imminent “altseason” on pause, with BTC dominance continuing to rise daily Ethereum’s performance against its Bitcoin trading pair has been quite dire as of late and may indicate that downside is […]

2020-12-27 00:00


Трейдер рассказал, что ожидать от цены биткоина в 2021 году

О текущей ситуации на рынке рассказывает практикующий трейдер и основатель проекта Crypto Mentors Никита Семов. Price Action и VSA Цена преодолела сопротивление на уровне Creek ($24 298) уверенным результативным баром в формате JOC по модифицированному VSA.

2020-12-27 16:36


Фото:

Celebrity interest in Crypto rises as rapper Lil Pump sets out to launch “PumpCoin”

Popular American rapper Lil pump, best known for his five-times platinum-certified single “Gucci Gang” is the newest rapper set to launch his own cryptocurrency. Dubbed the “pumpcoin”, the non-fungible token (NFT) will be launched sometime in 2021 as disclosed by Fyooz, a virtual asset trading platform that also markets celebrities and entertainers as tradable tokens. […]

2020-12-20 00:16


Фото:

Bitcoin Likely to See Price Discovery in 2021; Analysts Foresee Local Top

Bitcoin is officially in full parabolic rally mode, with the cryptocurrency’s recent break above $20,000 giving way for it to see a massive rise Its price rallied as high as $23,700 overnight before facing a steep rejection that sent it spiraling down to lows of $22,400 The buying pressure here was intense, and has since allowed it to rally higher It is important to note that although the crypto did face a rejection, it is […]

2020-12-18 21:00