USD drops slightly. US largest cryptocurrency trader Coinbase debut tomorrow!

The dollar index fell 0.04% to 92.164. The index is currently maintained above the three-week low of 91.995 touched last Thursday; the euro changed little against the dollar at $1.1900; the pound rose 0.22% against the dollar to $1.3724. Traders are concerned about the British government’s latest economic restart plan. Welcome; the dollar fell 0.19% to 109.44 yen against the yen.

The U.S. dollar rebounded this year, and U.S. Treasury yields rose due to expectations of accelerated economic growth and rising inflation. The United States will announce the March Consumer Price Index (CPI) on Tuesday, which is a major economic concern. Investors believe that due to increased fiscal and monetary stimulus, as well as companies' resumption of work after experiencing the new crown-related blockade, price pressures will increase.

Brown Brothers Harriman analysts said in a report on Monday, "The US economic data is expected to be released this week.

Will perform strongly, and we believe that the dollar’s upward trend will continue. "

Coinbase listed, investment bank valued at $440

Coinbase, the largest cryptocurrency exchange in the United States, will be directly listed tomorrow (14th), codenamed "COIN", which is really good news for cryptocurrency investors.

Coinbase provides trading services for Bitcoin and about 50 other cryptocurrencies, with a total of 335 billion U.S. dollars in transactions last quarter. The company's trading platform currently has 56 million registered users, of which monthly transaction users (MTU) reach 6.1 million, platform assets are 223 billion U.S. dollars, and a market share of 11.3%. Of these assets, $122 billion came from institutional investors.

As a listed cryptocurrency platform, Coinbase may have the opportunity to face special investment risks in the future.

Coinbase said in the middle of last month that the private equity market valued the company at approximately US$68 billion (approximately HK$530 billion), a significant increase of nearly 12 times from the US$5.3 billion valuation in the third quarter of last year. This will align Coinbase with other tech giants such as Airbnb, Uber and Zoom. The analysis pointed out that if the price of Bitcoin continues to rise, the market value of Coinbase will go straight to hundreds of billions of dollars at any time.

In this listing, Coinbase shareholders will sell up to 114.9 million shares, and the company will announce the reference price next Tuesday (13th). Some investment banks have given Coinbase a target price of US$440.