Hong Kong media: Coinbase becomes the fourth largest listed exchange in the world

Odaily News Since the U.S. SEC announced its approval of the listing of spot Bitcoin ETF in January, the market value of Coinbase, the worlds second largest cryptocurrency trading platform, has increased. Its market value exceeded US$50 billion this week (currently US$48.649 billion), surpassing the Hong Kong Stock Exchange. (HKEX, with a market capitalization of approximately US$41.01 billion) and Deutsche Börse, becoming the fourth largest listed exchange in the world. According to Bloomberg data, as of December last year, among the worlds major listed exchanges, Coinbases forecast price-to-earnings ratio reached 124 times, while the Hong Kong Stock Exchanges forecast price-to-earnings ratio was 26.94 times, which is still higher than most global exchanges. (Ming Pao)