Are crypto IPOs on the rise?

Crypto IPOs appear to be on the rise after one of the biggest crypto exchanges, Coinbase, went public earlier this year. Coinbase’s IPO set the stage for other crypto companies to copy and we can expect more to follow. Crypto has been a hot topic among investors in recent years.

What is crypto & how does it work?

Crypto is an umbrella term to categorize the vast ecosystem of blockchain protocols that has emerged since the creation of Bitcoin bitcoin BTC , the original cryptocurrency, in 2008. Admittedly, this term and much of the jargon used to explain the industry can be overwhelming, especially to readers with a limited background in technology.

How will Coinbase IPO affect the crypto market?

Thus inflating the capitalization and market value of the company. Coinbase’s IPO can have both a negative and positive impact on the crypto market. As its position is that of a cornerstone of the industry. Thus any sways it may undergo will affect the rest of the superstructure resting on it.

What is a cryptocurrency system?

According to Jan Lansky, a cryptocurrency is a system that meets six conditions: The system does not require a central authority; its state is maintained through distributed consensus. The system keeps an overview of cryptocurrency units and their ownership. The system defines whether new cryptocurrency units can be created.