Coinbase Listing and Ethereum 2.0 Delay
On July 9, according to Reuters, citing people familiar with the matter, Coinbase has begun preparations for listing and may complete the listing as early as this year. In addition, Coinbase's listing may be a direct listing instead of a traditional IPO. This means that if it is successfully listed, Coinbase is expected to become the first large-scale cryptocurrency exchange listed in the United States and the world.
Another point that is more important is that US stock listing requires the approval of the US Securities and Exchange Commission (SEC).If Coinbase is successfully listed, it means that the U.S. regulators will give the green light. This will not only be a milestone in the history of digital currency development, but will also greatly promote the legalization of digital currency transactions.
This matter is of great significance to our country. We all know that after September 4, 2017, our country completely banned digital currency transactions, which forced all exchanges to go overseas. In this case, ordinary investors have to go to overseas exchanges to trade in order to buy digital currency.
It is very inconvenient for many ordinary investors to visit overseas websites. In addition, overseas websites are not subject to the constraints of Chinese laws in terms of user rights and interests protection. There is no way to defend this.
As a new field of digital currency, its long-term development is inseparable from digital currency exchanges. The current situation in our country is not conducive to the long-term development of the industry in our country.
Just a few days ago, Xiao Gang, the former chairman of the China Securities Regulatory Commission, mentioned in a public speech that digital asset transactions must be faced, but the current national regulatory authorities have not yet formed a relatively unified view and viewpoint on this.
Combined with the news that Coinbase is about to go public, I think this will definitely accelerate the actions of our country’s regulators, and promote the comprehensive and prudent launch of policies on digital currency exchanges, so that this industry can operate legally and compliantly in our country without avoiding overseas. . In the long run, this is a huge benefit to the entire industry.
When Ethereum Foundation researcher Justin Drake was asked at a Reddit AMA session on Friday when the deployment of Ethereum 2.0 Phase 0 would begin, he believed that the earliest launch date for Phase 0 would be around It is around January 3, 2021 (the 12th anniversary of the birth of Bitcoin).
Due to his special status, this news caused a sensation in the entire community. Although different people have different opinions on this, it is enough to show that the attention of Ethereum 2.0 is quite high.
Many people think this news is a blow to Ethereum, thinking that it will reduce people's confidence in Ethereum 2.0.
but in my opinion,It is very normal for Ethereum 2.0 to be delayed, but this will not really affect people's confidence in Ethereum. Because Ethereum 2.0 is a huge project, it is almost impossible to complete such a large project on time, because there are too many uncertain factors in it. But the final landing of Ethereum 2.0 is certain, because in theory it has no unsolved problems.
Therefore, Ethereum 2.0 is a project with a bright future and a tortuous road. In the future, it will encounter more and greater challenges. Not only stage 0 may be postponed, but stage 1 and stage 2 may also be postponed, so I will not be too surprised even if there is news of a postponement in the future.
But for long-term fixed investment investors, this is not only a bad thing but a good thing - the market continues to give us time and low costs to continue to make fixed investments.
