Coinbase is one of the fastest-growing cryptocurrencies in the world, and the best part is that it has not yet even been released publicly for investor trading, but the company has already gathered a lot. Private trading is more of big rollers and heavy backers for a business, but CEO Brian Armstrong has already almost $14 billion, which is expected to grow more.
LONDON, ENGLAND - OCTOBER 21: Coinbase CEO Brian Armstrong appears on stage at the 2014 TechCrunch Disrupt Europe/London, at The Old Billingsgate on October 21, 2014 in London, England.
Brian Armstrong is a name that is not that big of a deal yet but has made his way towards the rising CEO popularity of one of the upcoming cryptocurrencies in the world that is still in private trading. The company is set to be public anytime in the coming weeks but is still waiting on final touches and preparations to complete their transition.
Cryptocurrencies are surely a make or break in the current industry, particularly as they can either get massive backing from multinational companies or investors that expect to also get something in return. Stock trading has been a common occurrence in the public, and anyone can join as long as the company is already available via the stock market.
Coinbase CEO Brian Armstrong: On the Road to Massive Income
According to CNBC on Tuesday, March 23, Coinbase is still in the private trading setup but CEO and co-founder Brian Armstrong has already amassed $13.6 billion in investor trading and purchasing stocks on their company alone. Notably, the company is setting itself up for a massive change as they transition to public trading which uses a specific approach.
Brian Armstrong was initially working for Airbnb when he set up Coinbase in 2012, and since then, the CEO has already bought stocks from his company worth 39.6 million Coinbase shares, now amounting to billions. In Coinbase's first public outing after almost nine years, he would join the ranks of multi-billionaires with massive companies.
Billionaires like Elon Musk (Tesla), Jeff Bezos (Amazon), Bill Gates (Microsoft), Mark Zuckerberg(Facebook), who have all new IPOs and have also focused on cryptocurrency investments for their companies. The valuation of the company would increase and skyrocket during their first public outing, as expected by experts.
Coinbase Cryptocurrency Public Trading
What is most notable about Coinbase is that it would become a public company in the coming weeks, but it would immediately allow its existing shareholders to trade stocks on the market, focusing on existing clients. The company is set out to invest mostly with existing ones, instead of inviting new faces and names to their investment rounds.
According to Investopedia, Coinbase's move is to provide a premium offer for its shareholders to publicly trade their current stocks to the market once the company goes public. This avoids the usual way of looking into an IPO or Initial Public Offering that invites new investors and people to join in on shareholding stocks with the company.
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Written by Isaiah Alonzo