Editors Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), Author: BENJAMIN PIRUS, reproduced by Odaily with authorization.
Editors Note: This article comes from
Cointelegraph Chinese (ID: CointelegraphChina)
, Author: BENJAMIN PIRUS, reproduced by Odaily with authorization.
Amid bullish mainstream markets, news of Coinbase’s reported listing on traditional stock markets proved timely, as did similar public listings by other companies.
When the stock market is doing well, people want to get in, Morgan Creek Digital co-founder Anthony Pompliano said on his YouTube show Lunch Money. Before Pompliano answered, co-host, writer and influencer Polina Marinova, an influential person, asked about the timing of Coinbase’s listing.
Traditional markets have shown positivity of late. According to a recent Fortune article, the SP 500, often a barometer of the health of the mainstream market, is nearly 42% above its March 2020 low.
Coinbase Is Reportedly Preparing To Officially Enter Wall Street
On July 9, details emerged about reports that Coinbase was preparing for an upcoming listing on mainstream stock markets. However, the U.S.-based exchange listing still depends on the approval of the U.S. Securities and Exchange Commission (SEC).
Theyre not necessarily going public, theyre exploring options, or theyre going to go public directly through that opportunity, Pompliano explained, referring to Reuters details of the news report.
According to Pompliano, the news could mean that Coinbase will continue to be listed, or, conversely, it could just be “testing the waters.”
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the move is timely
