Braden Perry Highlighted in Blockworks Article on Coinbase’s Pre-IPO Valuation and Regulatory Uncertainty
In December of 2020, Coinbase announced it had filed preliminary private paperwork with the Securities and Exchange Commission to go public. Within days of this announcement, derivatives exchange FTX created a synthetic Pre-IPO futures contract that went as high as $317. At its peak, the exchange’s implied market cap hit a valuation of over $75