Last weekend, CNBC reported a collection of revenue and profit figures from FTX, a global cryptocurrency exchange that raised a mountain of capital last year and is currently expand its product introduction. Its founder, Sam Bankman-Fried, has been a key player in the crypto market in recent months, participate in some transactions when the decentralized economy began to decline in the context of bad news.
The data released by CNBC shows a strong, but limited growth picture – it falls short of the Q2 numbers. Information, private market capitalization followed by FTX, and recent data related to Coinbase’s financial performance raises an interesting question: is Coinbase cheap or is FTX overvalued?
The exchange explores startups, markets and money.
Naturally, since we are dealing with a private company and a public concern, we will suffer from information asymmetry. Coinbase is public, which means we have basically all of its data, making the US company an important barometer in our ability to understand the economics of cryptocurrency trading..