After the earn.com acquisition coinbase has been valued at 8 billion dollars. Coinbases valuation have gone up by 500% in the last eight months. Coinbase bought earn.com for 120 million dollars.
Coinbase originally offered company stock at an approximate price but the deal was ultimately settled with earn.com preferring cash. Former earn CEO, now coindase CTO Balaji Srinivasan prefered to take his payment in stock options.
Back in August 2017 Coinbase had an evaluation of 1.6 billion dollars.
Coinbase is said to be in talks with certain regulatory bodies to get itself listed as a licensed brokerage fund.
This is positive for the crypto industry as coinbase is the largest crypto exchange in the US. Coinbase becoming a giant and bringing true legitimacy to the platform and that being done on US soil first is a big deal. Recently we haven't heard too many hacks or controversies with coinbase so the company does have some confidence from the user community. We will look back on this date and say to ourselves we wish we bought some stock in coinbase when there share price is $1000 dollars per share.
https://www.coinspeaker.com/2018/05/01/coinbase-considers-valuations-8-billion-earn-com-acquisition/
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