Coinbase News: Circle Aims for $4-$5 Billion Valuation Ahead of NYSE Listing, With Eyes on Stablecoin Legislation

Cryptocurrency exchange Circle is gearing up for a potential billion-dollar listing on the New York Stock Exchange, aiming for a valuation between $4 billion and $5 billion. As the company embarks on its roadshow, experts weigh in on its valuation and the impact of upcoming stablecoin legislation.

Circle’s Valuation Could Top $5B Post-Roadshow

Circle, planning to list on the New York Stock Exchange under ticker CRCL, aims for a valuation of around $4 billion to $5 billion. Some experts believe the valuation could be purposefully low. Circle and Coinbase, which went public in 2021 with a nearly $100 billion valuation, have different business models. The roadshow will be the real test for Circle’s valuation, especially if stablecoin legislation is passed.

Cardano On Coinbase: The Listing That Could Boost ADA In A Flash

Cardano (ADA) has been listed on Coinbase Derivatives, one of the largest crypto exchange platforms. This listing targets both retail investors and institutional players, opening up new perspectives for betting on ADA. Investors can now trade ADA through futures contracts, offering more flexibility than traditional spot trading. Each ADA futures contract represents 1,000 ADA, allowing traders to participate in the market with a capital adjusted according to their risk management strategies.