Coinbase will become a publicly-traded company beginning on April 14. Coinbase will be going public by doing a direct listing on the Nasdaq stock exchange and will trade under the ticker symbol $COIN. The Coinbase public listing is a highly anticipated event in the blockchain and digital currency industries and marks the first instance of a major digital currency business located in the United States going public. The financials Coinbase released its estimated Q1 earnings report and 2021 outlook on April 6th. The report gave the world a first look into Coinbase's 2021 performance. According to the report, in Q1 2021, Coinbase had 56 million verified users, 6.1 million monthly active users, total revenue of $1.8 billion, and a whopping $223 billion worth of assets on Coinbase which represents 11.3% of the total crypto asset market share. Overall, the Coinbase estimated financials indicate that Q1 2021 was the best quarter that Coinbase has had in its company history. Valued at over $100 billion Coinbase is expected to debut with a valuation that is estimated to be over $100 billion. Shares of $COIN are already trading in the Nasdaq private market, the marketplace that allows current employees, former employees, and Coinbase investors to trade $COIN shares before Coinbase becomes available to the general public. In late February, shares of Coinbase were trading on the Nasdaq private market for an average of $373 per share, which would give Coinbase a valuation of about $100.3 billion.\u00a0 Interestingly, the Coinbase direct listing and valuation implies that other digital currency exchanges may be undervalued. Something to keep an eye on over the next few days is the market action of digital currency exchange coins and tokens; in other words, digital currency exchanges that have a coin or token native to their platform. If Coinbase is valued at over $100 billion, and shares of Coinbase are trading at roughly $400, we may see other digital currency exchange coins and tokens move toward the price that $COIN is trading at when it debuts.