IMHO,
it is all because of this:
Coinbase is the talk of Wall Street, as the largest crypto platform in the U.S. gears up for its public debut on a traditional exchange Wednesday, through a direct listing.
Coinbase, whose users primarily deal in bitcoin and ethereum, reported last week that its revenue soared 847% in the first quarter to $1.8 billion, and that it now has 56 million verified users.
Nasdaq gave Coinbase a reference price of $250 a share on Wednesday evening, which values it at over $65 billion.
Some bulls are projecting a valuation at $100 billion or better, which would make it bigger than a number of U.S. exchanges, including ICE, Nasdaq, CME Group CME, +0.57% and Cboe Global Markets CBOE, -0.42%.
So tomorrow could be a big day as well.
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