Coinbase Distributed Shares To Its Employees!

Hundreds of #Coinbase employees were handed over thousands of dollars' worth of #shares before the #cryptocurrency #exchange giant directly listed it.

Sharing the statements of a Coinbase spokesperson, #Coindesk reported that more than 1700 employees were given 100 shares by Coinbase "as a way of expressing the company's gratitude". And Nasdaq stated yesterday that Coinbase's reference price for direct listing will be $ 250. This means $ 25,000 per person. As crypto enthusiast individuals , Coinbase staff can monetize their stocks and convert fiat assets into crypto. Moreover, employees and insiders can immediately sell their shares.

On the other hand, #Nasdaq valuation is only an estimate but reflects past transactions and inputs from the investment banking industry. But if true, Coinbase - fully diluted - will be worth about $ 65.3 billion. #CNBC added that if Coinbase reaches a market value of $ 100 billion, it will “instantly become one of the 85 most valuable companies in the country”.