For the first time, Time magazine published its ranking of the 100 most influential companies in the world, which included two crypto companies: Digital Currency Group and Coinbase. There are five categories in the list: Pioneers, Leaders, Innovators, Giants, and Style Breakers. The Digital Currency Group has been categorized as Disruptors along with the likes of Tesla, Huawei, Shopify, and Clubhouse. The publication notes that DCG is "demystifying cryptocurrency for investors" through its subsidiaries, asset manager Grayscale and digital asset news site CoinDesk.
Time has categorized Coinbase as a Giants, which includes companies such as Facebook, Alibaba, Google, Walmart and Amazon. The magazine notes that the site is strengthening trust in cryptocurrency.
“It has been a great year for cryptocurrencies, but nothing has been more compelling than a direct listing by Coinbase,” writes Time.
Coinbase started trading on NASDAQ on April 14. Immediately after the opening of trading, the price of the securities was $ 381, with a set reference price of $ 250. Within a few hours, the shares rose by 12.5% to $ 429.5, but then quotations began to decline and reached a local minimum of $ 315. As of April 28, 11:15 Moscow time, at the premarket in the US, securities are traded at $ 301.
Coinbase is the first cryptocurrency exchange to be publicly traded on the stock market. The company was founded in 2012 and holds $ 223 billion in user funds. The quarterly trading volume of the site is $ 335 billion.
Digital Currency Group was founded in 2015 by the former CEO of SecondMarket Inc. Barry Silbert, who has invested in major blockchain companies since 2013. After leaving SecondMarket Inc. he founded DCG, which included CoinDesk, management company Grayscale and cryptocurrency broker Genesis Trading.
Earlier, Time magazine began accepting cryptocurrency as a payment for a subscription. For this, the publication entered into a partnership agreement with the Crypto.com service. Time also agreed to accept bitcoins for payment for creating a series of educational videos on cryptocurrencies for Grayscale.
- "Comparable to the advent of the Internet": How cryptocurrencies affect the economy
- Bloomberg strategist named three reasons for the growth of bitcoin to $ 100 thousand.
- Morgan Creek Partner: "Facebook May Announce Bitcoin Investments"
Read more on RBC:
https://www.rbc.ru/crypto/news/60891f5b9a7947500ed29ade.
Respectfully yours Markethive.
