Personally, I think a Coinbase IPO may be amazing for bitcoin price in mid-term.
I know there are many institutional funds which cannot buy BTC directly due to regulations, such as pension funds. But those funds might be able to have some exposure to bitcoin while buying a Coinbase Stock. As Bitcoin price rises, coinbase will get more profits and its stock price will also go up.
And vice-versa. As coinbase performs well, it will attract more clients to buy bitcoin.
It is a win-win game for bitcoin and bitcoin holders. I hope also that as their IPO finishes they will also have more transaparency, becoming a more reliable exchange.
I know there are many institutional funds which cannot buy BTC directly due to regulations, such as pension funds. But those funds might be able to have some exposure to bitcoin while buying a Coinbase Stock. As Bitcoin price rises, coinbase will get more profits and its stock price will also go up.
And vice-versa. As coinbase performs well, it will attract more clients to buy bitcoin.
It is a win-win game for bitcoin and bitcoin holders. I hope also that as their IPO finishes they will also have more transaparency, becoming a more reliable exchange.
agreed---the IPO should reinforce bitcoin's place in the news cycle, fueling retail investment. bitcoin rises > equity investors flock to coinbase stock > coinbase stock rises > the news media hypes both bitcoin and coinbase. like you said, it's a win-win.
But be ready for more rigid KYC obligations....
maybe so. they already removed margin trading, possibly for similar reasons. https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/margin-trading-faq
