Coinbase, America’s largest crypto exchange, is going public. Should you invest?

Cryptocurrency exchange Coinbase is to list on the Nasdaq stock exchange, hoping to cash in on the current crypto-mania. Saloni Sardana looks at whether you should buy in.

Coinbase, cash and crypto
Coinbase is hoping to cash in on the current crypto-mania.
(Image credit: © Chesnot/Getty Images)

Coinbase, the largest cryptocurrency exchange in the US by transaction volume, goes public tomorrow, 14 April, listing on the Nasdaq stock exchange, under the ticker COIN. The US crypto giant is hoping to capitalise on the astronomical growth seen in a number of cryptocurrencies over the past several months.

Why should investors care about the listing? And should you buy in?

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni