Dogecoin, Market Manipulation and the Downside of a Coinbase IPO

A Coinbase listing would not necessarily be good for the market.

We can't not talk about the unconfirmed rumors that Coinbase is planning a stock market listing.

Investment would be going into a company, not the cryptocurrency market.

True, the investment in that private company could encourage more investment in the cryptocurrency market further down the line, but the effect would not be linear.

The net effect of a Coinbase listing, or any other significant cryptocurrency business heading to the frothy stock markets, could be net positive for crypto assets.

The main new factor that impacted the market over the last week was the sharp rise and fall in the Chinese market.

While not a large market by U.S. standards, this rally underlines a significant difference in market influences.

Whilst, in China, the stock market moves were largely from the government telling retail investors to buy.

The bitcoin market has been well uninteresting in terms of price and volumes.

My colleague David Pan outlines the potential impact on crypto market infrastructure of Hong Kong's national security law.