Coinbase is being listed on NASDAQ: A footstep in the right direction

Cryptocurrencies are on the way to becoming mainstream. Do you want proof? Coinbase is being listed on NASDAQ is direct proof of that. According to the private market statistics, the value of this company reached $68 billion from $5.8 billion (September 2020).

Coinbase’s listing is considered a landmark event for cryptocurrencies. It means that the finance market is slowly accepting these assets, after shunning them, even a few years ago. This will promote the growth of digital currencies.

Well, this is good news in a series of recent events, such as Bitcoin touching $63,000. The news of listing can promote the price further up, experts believe so. However, some prefer to exercise caution and wait to see how things unfold, behind all the frenzy. Experts think that there is a correlation between Bitcoin’s price and the company’s stock value. They also ask people to watch out for regulatory constraints before investing in the currency’s stocks.

Coinbase has allowed different cryptocurrencies to list themselves on its list, and some of them might attract attention from the government, just like Ripple’s XRP did.