Coinbase is a publicly listed digital asset trading Business Company, and their recent announcement of IPO has subtly put a lime light on the Voyager Digital. And the Voyager Digital welcomes their move as it is sure to improve trust and transparency, above all, the adoption of digital assets. Even though there is a pertaining skepticism and concern related to legitimacy and the purpose it serves. But it is imperative that the crypto asset space will up its game with this skepticism in the corners. It exists even at the times when several well-known household institutional names entered the space in 2020. But there are more than just signs that the mood is changing, with even some of the die-hard naysayers starting to accept that Bitcoin and crypto assets are here to stay.
Stephen Ehrlich, the Co- Founder and CEO at the Voyager Digital said, “The regulators are slowly coming to the table with the introduction of new rules, for example the US’s SEC is looking to impose greater KYC (Know Your Customer) on crypto wallet providers and France, a vocal advocate of the emerging block chain technology and digital asset space, is looking to implement anonymity measures to fight money laundering activity. Being a publicly listed company naturally provides an extra level of transparency and today there are quite a few digital asset focused public companies ranging from Bitcoin miners, crypto investment companies and in Voyager Digital’s case, crypto brokerage firms that allow investors to buy and sell crypto.”
In the time of Christmas and the holiday periods, Bitcoin continued its stratospheric rise which show cased the further evidence the investors and business leaders are hungry for the alternative assets. Now with the traditional markets being shut down for the general public, people have been given ample of time to read and research about the assets and since the crypt assets trade almost 24*7, they can take action any time. Thus many around the world have been will be trying to forget about the trials and tribulations of the torrid 2020 by gulping the turkey or the goose and opening presents, many investors would have been buying Bitcoins or would have bought it already.
He also stated that, “This is a trend we expect to continue well into 2021 and beyond. As people become more accepting of the digital asset space and adoption increases, more crypto based businesses will pursue the IPO route and become public companies. This process should become a self-fulfilling prophecy, bringing a greater proportion of the space under the regulatory regimes of stock exchanges and allowing anyone to dig deep into the business, providing greater scrutiny.”
This expansion is going to present the regulators across the world with multiple challenges. Bitcoins and other crypto assets do not have borders and so it always allows brokers such as the Voyager, the abilities to continuously expand. It also provides safe trading platforms and enables to meet the demands of wider adoption. As there is already an emerge in the forward thinking Central banks and established regulators are embracing this new asset class and the techs underpinning them, the regulatory hurdles can be overcome. And by working with the regulators or the established Crytpo businesses, particularly the public listed ones can help forge the way for the industry.
