Coinbase founder rides crypto boom to Nasdaq listing. Of all the ways to grow rich from the cryptocurrency boom, Brian Armstrong chose perhaps the most conservative. Nine years after founding the most popular destination in the US for cryptocurrency buyers, Coinbase, his decision is about to pay off as bitcoin reaches new peaks. Trades between private investors have valued Coinbase at about $100bn. At those prices, the company’s direct listing on the Nasdaq exchange could convert Armstrong’s shares into a $14.8bn stake as soon as this month, without any lock-ups that would normally prevent immediate selling.
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