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Taking Stock of Crypto Exchanges Pursuing an IPO
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Taking Stock of Crypto Exchanges Pursuing an IPO
In this issue of Coin Metrics’ State of the Network, we break down the key metrics for evaluating these exchanges and note some disclaimers about using data reported by exchanges. Key Takeaways Kraken, Gemini and Bullish are preparing to go public amid a favorable regulatory backdrop and investor appetite for public market exposure. Coinbase’s 2021 IPO set the benchmark, debuting at a $65B. At the time, 96% of their revenues came from transacti…
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