A review of this article: Which other cryptocurrency companies will be listed after Coinbase

On April 14, Coinbase landed on Nasdaq as it wished, closing at $328 on the first day, 31% higher than the previous reference price of $250. Coinbase is already the largest cryptocurrency exchange in the U.S., with a market capitalization of more than $85 billion, compared with Facebook’s current market capitalization of about $104 billion and Uber’s market capitalization of about $82 billion.

In fact, we are now in a cryptocurrency bull market, with the total market capitalization of cryptocurrencies exceeding $2 trillion ($2,280,054,927,475 according to Coingecko at the time of writing). In this market environment, many people believe that Coinbase will definitely not be the last cryptocurrency company to go public. On the contrary, there should be more companies following the path that Coinbase has taken.

Decentralized communication platform Satellite IM launches desktop application: On September 19, the decentralized communication platform Satellite IM announced the launch of the initial version of the desktop application, allowing people to quickly and efficiently send messages to friends, video chat and send large files , while controlling their own data. The app leverages the Interplanetary File System (IPFS) for decentralized file pinning and storage, and will support 4K video chat and streaming, lossless audio, and 4GB file sharing capabilities.

At the same time, Satellite IM is also open-sourcing the code of the application to attract developers who want to build and innovate in the new Web3 field to customize and continuously improve functions.

As previously reported, Satellite IM completed a $10.5 million seed round of financing in early August, led by Framework and Multicoin. [2022/9/19 7:05:21]

1. Kraken

Kraken is also a U.S.-based cryptocurrency exchange that has reportedly begun preparations for an IPO with an estimated valuation of $20 billion. Kraken CEO Jesse Powell (pictured below) said in an interview with CNBC last week: "We are considering a listing sometime in 2022, probably not through an IPO like Coinbase, but a direct listing."

EU officials: The MiCA Act will prevent Terra-style collapse and regulate NFT like cryptocurrencies: Golden Finance reported that Peter Kerstens, the European Commission (EC) Technology Innovation and Network Security Policy Advisor, said on August 9 that in the MiCA Act The $40 billion collapse of the Terra ecosystem will not happen under the Bill, which requires stablecoin projects to be more transparent and allow customers to withdraw funds on request. At the same time, the proposed MiCA bill does not ignore NFTs,

According to Kerstens, the new law will require issuers of NFTs to publish a white paper detailing all the details of the underlying protocol and prohibit misleading and over-promising claims about their future value. [2022/8/11 12:19:23]

Like Coinbase, Kraken also set a new high in transaction volume in the first quarter of 2021. In addition, since the second half of last year, the number of new registered users of Kraken has increased fourfold. However, Jesse Powell hinted that Kraken is not in a hurry to go public, but hopes to see Coinbase’s performance in the capital market before making a conclusion.

Xunlei digital collection platform Feitongshuyi launched the third phase of Shanxi Museum’s collections: Golden Finance News, Xunlei’s digital collection platform - Feitongshuyi launched the third collection of the Shanxi Museum’s precious collection "Flow" Golden Millennium Years Series in May It will go online at 11 o'clock on the 13th. The collection includes two types of tortoise-shaped silver aromatherapy and mandarin duck and pomegranate pattern gold boxes from the Tang Dynasty, and reservations are now open. There are a total of 6 collections in this series. The first two collections are Liao·yunfeng pattern golden boots, Northern Qi Dynasty·gold ornaments and Warring States period·wrong gold Kui pattern beans, Qing Dynasty·white jade inlaid gemstone tracing gold bowl, each limited to 8,000 copies for public sale. In order to give back to users for their support, Feitong Digital Art will also join hands with Shanxi Museum to airdrop mysterious and limited digital collections.

It is reported that if you collect any 4 or more collections of this series (including 4 models) before 24:00 on May 13, 2022, you will get a mysterious airdrop jointly designed and cast by Shanxi Museum and Feitong Digital Arts. [2022/5/11 3:06:53]

2. eToro

In March this year, eToro, an Israeli brokerage application, announced that it would merge with a company called SoftTech Acquisition Corp at a price of US$10 billion and go public through a backdoor listing in the form of a "special purpose acquisition company" (SPAC). It has the backing of SoftBank and banker Betsy Cohen. The merger transaction is expected to close in the third quarter of 2021, with eToro's existing equity holders expected to retain approximately 90% ownership of the company.

Data: Over 56% of Wealthy Clients Are Currently Investing in Cryptocurrencies: Jinse Finance reports that crypto transactions among luxury consumers will increase dramatically during 2021, a trend that has continued until now, with the crypto world having an impact on the luxury industry and its consumers had a major impact. Research shows that more than 56% of wealthy clients are currently investing in cryptocurrencies, suggesting that the number of wealthy investors will increase in the coming years.

Crypto users are more likely to buy higher-end items than non-crypto users, as a typical crypto user has an average order value (AOV) of $450 compared to $200 for non-crypto users. In addition, nearly 60% of high-net-worth individuals are interested in crypto investments. As a result, major luxury brands have started to accept cryptocurrencies. In other words, the crypto world can seriously influence the habits and shopping patterns of wealthy consumers in the luxury industry. As a result, major brands are securing their space in the crypto space to attract wealthy consumers. (prnewswire) [2022/2/22 10:08:43]

Back in 2013, eToro became one of the first trading platforms in Europe to qualify as a regulated Bitcoin broker, before gaining a US FINRA "broker-dealer" license in 2020, allowing it to expand its commission-free offering to the US client. eToro's main competitor is commission-free crypto trading app Robinhood, which publicly announced plans to go public in March.

Hong Kong venture capital firm CMCC Global's fourth encryption fund plans to raise $300 million: October 29th news, Hong Kong venture capital firm CMCC Global Asset Management's fourth encryption fund launched in April this year has now raised $90 million, and plans to The target of 300 million US dollars will be completed by the beginning of next year. Some of the new funds will be used to invest in areas such as DeFi and NFT. CMCC said Hong Kong tycoon Li Zekai invested in CMCC's previous funds through his investment management company Yingke Group, and will transfer to the latest fund together with other existing investors in the future. Founded in 2016 by Martin Baumann and Charlie Morris, CMCC Global is one of the earliest and largest investors in the blockchain platform Solana. Li Zekai and Gemini founder Winklevoss brothers are both investors in CMCC holding entities. CMCC is applying to Hong Kong's securities regulator to set up a new crypto equity fund, while working to clear licensing hurdles for operating a passively tracked bitcoin fund. (Bloomberg) [2021/10/29 21:07:30]

3. BlockFi

Since July 2020, there have been rumors in the market that the cryptocurrency lending service provider BlockFi will go public. In fact, this matter is not groundless, because BlockFi once released a job advertisement for a chief financial officer, the job requirement is to "direct and position the financial team for late-stage investment, acquisition and/or IPO".

BlockFi CEO Zac Prince (Zac Prince) has hinted that the company may go public as early as the second half of 2021. This encryption company, founded in 2008, mainly provides users with various cryptocurrency mortgage services. Successfully raised $350 million in funding at a valuation of $3 billion.

4. NFT Investments

Two weeks ago, it was estimated that no one had heard of NFT Investments, and some people even thought that the company's announcement on April 1 that it would IPO on the London Stock Exchange was a joke. But on April 13, the startup, which specializes in investing in non-fungible tokens (NFTs), did land on London’s Aquis Stock Exchange Growth Market and raised £35 million ($48 million).

NFT Investments, the first listed investment company focused on NFT, was co-sponsored by Argo Blockchain (ARB), another London Stock Exchange (LSE) listed company. A substantial increase.

5. Bakkt

In January of this year, Bakkt, a cryptocurrency derivatives trading platform and digital asset market, revealed that it would also merge with VPC Impact Acquisition Holdings in the form of a "special purpose acquisition company" (SPAC) and land on the New York Stock Exchange. for $2.1 billion. The merger transaction is expected to close in the second quarter of 2021, and the combined company will be listed as Bakkt Holdings Inc.

Intercontinental Exchange (ICE), the parent company of Bakkt, did not seem to perform as well as expected after its creation last year. If it can be successfully listed, it will be a "successful exit" for existing shareholders, because they have invested nearly $300 million in Bakkt .

6. Bitmain

Bitmain’s road to listing has been extremely tortuous. With the co-founder Wu Jihan publishing an open letter on January 28 this year to reach a settlement with Ketuan Zhan and to resign from Bitmain’s CEO and chairman positions, Bitmain’s IPO plan has since restarted. Wu Jihan also stated in the open letter that Bitmain's business model will be highly streamlined, which will make the IPO much easier.

7. Other crypto companies that may go public

Gemini, the exchange founded by brothers Cameron and Tyler Winklevoss, has been rumored to go public, but so far, the exchange has not Any comments on this speculation.

Binance is currently the largest cryptocurrency exchange by trading volume, and is also considered by the industry to be one of the most likely crypto companies to go public. But Binance CEO Changpeng Zhao confirmed in a recent interview that there will be no IPO, saying at the time: “Right now, we are not thinking about going public, and we are not doing an IPO. We have enough cash, so we can develop ourselves. "

Other crypto companies rumored to be listed include crypto service provider Blockchain.com and NFT industry pioneer Dapper Labs, which is the development company behind NBA Top Shot and recently completed a financing of up to $305 million. Some of the biggest names in basketball were involved in the deal.

Synthesized from: https://decrypt.co/66465/after-coinbase-what-crypto-companies-will-go-public-next

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