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Generating $1 billion in 2017, anxious investors want to know if Coinbase will go public in 2018 so they can play the booming $245 billion crypto market.
Coinbase President Asiff Hirji suggested the company could have an IPO soon but was vague about the timing in a December 2017 CNBC interview.
"The most obvious path of Coinbase is to go public at some point, but there's a lot for us to do between now and then, whenever that date is," he said in the 2017 CNBC interview.
But even if the crypto exchange does go public, it might not be as good of an investment as it sounds...
You see, all IPOs can be subject to volatile price swings, no matter the company.
For example, when Snap Inc. (NYSE: SNAP) went public on March 2, 2017, SNAP shares opened at an all-time high of $28.17 on March 6.
Unfortunately, retail investors who bought at those prices hoping Snap would be the next Facebook Inc. (Nadsaq: FB) lost money...
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From yesterday's (June 27) closing price of $12.82, some early investors have now lost 54.49% of their original investment.
However, we found a different way to profit from the cryptocurrency market without having to invest in a risky IPO or even buy a cryptocurrency.
Best of all, our readers can invest in it today.
Here's everything you need to know about the best way to play the $245 billion crypto market...