That market value makes
Founded in 2012,
Still, even as more companies warm up to digital currencies, there are many doubters. Until recently the major financial institutions avoided cryptocurrencies, and Bitcoin is still viewed more as a store of value that as a method of payment.
And not all investors are buying into the
Trainer last week put a valuation on
Instead of using a traditional IPO,
Other recent direct listings include the music streaming service Spotify in 2018, the messaging service Slack in 2019 and the data-mining company
"It could also be a less volatile security than the coins themselves," Demmissie says.