Bitcoin at records as Coinbase makes crypto the sector to watch

The imminent direct listing of crypto trading platform Coinbase Global Inc on Wednesday is likely to be watched closely by investors both inside and outside the crypto industry after Bitcoin and other cryptos reached fresh highs ahead of the debut.

NEWS IN ENGLISH 13.04.2021, 14:39

Bitcoin at records as Coinbase makes crypto the sector to watch

In late-morning trading in London on Tuesday, the original cryptocurrency reached a new high of around 62,857 dollars. By lunchtime, it had fallen back slightly but was still up 4.8 percent at 62,779 dollars.

While the surge in Bitcoin’s value has not been linked directly to the upcoming Coinbase listing, the trend seems to indicate that many are expecting the company’s debut will prove a successful one, potentially driving even more interest in the industry sparked late last year by Bitcoin’s meteoric rise.

Coinbase allows users to buy, sell, send and exchange cryptos including Bitcoin, which was valued at around 90 billion dollars in private share trading in early March.
Its future as a publicly traded firm was also given a boost last week when it reported that active users on its platform had surged to 6.1mln from 2.8mln in the fourth quarter of 2020, while verified users, those with Coinbase accounts, jumped to 56mln from 43mln.

Meanwhile, the firm reported that it had raked in 1.8 billion dollars over the period as well as a net income of around 730-800 million dollars. The company also saw its trading volumes top 335 billion dollars, while the total assets on its platform swelled to 223 billion dollars from 90 billion dollars in the fourth quarter of last year. Around 122 billion dollars of those assets came from institutions, showing the firm has managed to attract professional cash into the crypto market.

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1. Galatasaray	34	93
2. Fenerbahçe	34	89
3. Trabzonspor	34	58
4. Başakşehir	34	52
5. Beşiktaş	34	51
6. Kasımpasa	34	49
7. Rizespor	34	49
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11. A.Demirspor	34	41
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13. Samsunspor	34	39
14. Ankaragücü	34	38
15. Karagümrük	34	36
16. Konyaspor	34	36
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19. Pendikspor	34	30
20. İstanbulspor	34	16

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1. Eyüpspor	32	72
2. Göztepe	32	66
3. Sakaryaspor	32	57
4. Kocaelispor	32	55
5. Ahlatçı Çorum FK	32	55
6. Bodrumspor	32	53
7. Boluspor	32	50
8. Bandırmaspor	32	47
9. Gençlerbirliği	32	47
10. Erzurumspor	32	44
11. Keçiörengücü	32	39
12. Manisa FK	32	37
13. Ümraniye	32	37
14. Şanlıurfaspor	32	34
15. Tuzlaspor	32	34
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18. Giresunspor	32	7

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2. M.City	34	79
3. Liverpool	35	75
4. Aston Villa	35	67
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7. Newcastle	34	53
8. Chelsea	34	51
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11. Wolves	35	46
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2. Barcelona	33	73
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7. Real Betis	33	49
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9. Villarreal	33	45
10. Getafe	33	43
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14. Las Palmas	33	37
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16. Mallorca	33	32
17. Celta Vigo	33	31
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19. Granada	33	21
20. Almeria	33	14