Scaramucci surprised by lack of bank response to Coinbase listing


After much anticipation, Coinbase was listed on the Nasdaq on Wednesday via a direct quote. Skybridge founder Anthony Scaramucci believes the event should have received more attention from the banks.

“What amazes me frankly is that there is no revival in banks, commercial banks, as was the case with the Netscape IPO in 1995 at Microsoft”, Scaramucci told TBEN on Friday after noting Coinbase’s connection with Bitcoin. , in line with the growth and the technical framework of the asset.

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He added:

“Bill Gates thought the Internet was a fad. He then realized what was going on with the Netscape IPO and he deployed billions of dollars in an Internet strategy that led to Explorer. [Internet Explorer, Microsoft’s browser] and fitted and rotated in it. I’m surprised that commercial banks, people like Jamie Dimon, don’t put money into a Coinbase clone. ”

Galaxy Digital CEO Michael Novogratz also recently mentioned Netscape’s debut as similar in severity to the Coinbase list. He noted the public emergence of the digital asset company as a key point in the adoption of cryptocurrency.

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“I think this is a landmark event,” Scaramucci said of Coinbase’s listing, later noting that he owns shares of Coinbase. “It trades like Facebook and Google in the first two days,” he noted, adding:

“People looked for poor performance after the IPO, and then looked at those stocks over the following years.”

Coinbase stock climbed to around $ 429 on the day it was listed, but has since retraced, trading close to $ 340 at the time of publication, based on data from TradingView. The crypto company trades under the symbol COIN, but a tokenized version of the stock also exists on the FTX crypto derivatives exchange.

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