{"id":136524,"date":"2020-12-18T13:58:33","date_gmt":"2020-12-18T10:58:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/messari-values-coinbase-at-28-billion-following-ipo-filing\/"},"modified":"2020-12-18T13:58:33","modified_gmt":"2020-12-18T10:58:33","slug":"messari-values-coinbase-at-28-billion-following-ipo-filing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/messari-values-coinbase-at-28-billion-following-ipo-filing\/","title":{"rendered":"# Messari values Coinbase at $28 billion following IPO filing"},"content":{"rendered":"

“# Messari values Coinbase at $28 billion following IPO filing <\/strong>”
\n<\/p>\n

Following cryptocurrency exchange Coinbase filing a draft registration for a public offering with the United States Securities and Exchange Commission yesterday, research company Messari has valued the company at $28 billion.<\/p>\n

Messari\u2019s model examined<\/a> the company\u2019s various business segments, such as trading, custody and debit cards, to come to this figure.<\/p>\n

Coinbase is one of the biggest exchanges worldwide, with daily trading volumes of over $1 billion. Assets under custody have grown to $20 billion from $7 billion in 2019.<\/p>\n

A previous fundraising round in August 2017 saw Coinbase\u2019s valuation break the $1 billion mark, gaining it unicorn status. The most recent round gave the company a value of $8 billion in October 2018.<\/p>\n

An August 2020 report from research company Hurun had not updated this $8 billion figure, despite increases in daily trading volume and assets under custody.<\/p>\n

On providing its latest $28 billion valuation, Messari\u2019s analyst noted the significance of such a major IPO in the crypto space:<\/p>\n

This listing is important even for Token valuations as Coinbase will provide a valuation anchor \u2014 not only for future equity listings \u2014 but also for crypto-native exchange tokens.<\/p><\/blockquote>\n

Meanwhile, an unconfirmed report<\/a> claims that Teeka Tiwari\u2019s Palm Beach Research Group has predicted a future valuation of $242 billion for DeFi platform Synthetix.<\/p>\n

The alleged buy notice for Synthetix (SNX) tokens \u201cconservatively\u201d estimates that the decentralized exchange could \u201ccommand a premium five times higher than traditional exchanges,\u201d or roughly ten times Messari\u2019s current valuation for Coinbase.<\/p>\n

A target valuation of $2,192 per token would represent a return of over 41,000% on today\u2019s price.<\/p>\n

Twitter<\/a> commenters noted that the company has made similar predictions that did not come to fruition in the past.<\/p>\n<\/div>\n