My fifth article has a not-so-enigmatic title: When the worlds collide. Those are a lot of colliding in Bitcoin universe, either on its galaxy or on DeFi. So let's have a look at it.
Coinbase
First, Coinbase goes public with a balance sheet revealing a lot about its activity. Coinbase has 2.8 billion users in 2020 and has revenues of $322 million on the same year. Furthermore, Coinbase is valued at $100 billion according to Axios.
Some says Coinbase is the next Facebook.
Coinbase is a also a venture capitalist and has a market share in crypto market.
DeFi
I talked a lot about DeFi in my previous articles. The sector is still bullish as BNB, Binance token used on Binance Smart Chain, and the decentralized exchange on Ethereum, Uniswap, both got ranked in the top 10 of market capitalization.
Bitcoin
As Bitcoin has passed the threshold of $50,000 , many institutions have expressed their commitment. First, Purpose got listed on Canadian Stock Exchange, the TSX, the first Bitcoin ETF. Furthermore, the SEC has the issue put on the table.
Then, Goldman Sachs revealed its customers have exposure on crypto and has opened, for the second time, its trading desk for crypto. Citi has made a target for Bitcoin at $100,000.
The worlds are colliding more and more as institutional investors take part in the crypto market.