Coinbase Had Very Successful Direct Listing: Nasdaq President

The transcript covers a discussion on Coinbase's direct listing on NASDAQ, comparing it to traditional IPOs and SPACs. It highlights the enthusiasm for Coinbase and the crypto market, NASDAQ's competitive edge in listings, and the evolving landscape of public market options. The conversation also touches on NASDAQ's proposal for more diverse boards, its investment strategies, and its role in the growing crypto space.

What was the initial market reaction to Coinbase's direct listing on NASDAQ?

• The price remained stable.

• The price dropped significantly.

• The price increased steadily.

• The price showed high volatility.

Why did Coinbase choose NASDAQ over NYSE for its listing?

• NASDAQ has a stronger track record with tech companies.

• NYSE was not interested in listing Coinbase.

• NASDAQ offered better financial incentives.

• NASDAQ is the only exchange that supports crypto listings.

What is a key advantage of direct listings over traditional IPOs?

• Direct listings are less expensive.

• Direct listings are faster to execute.

• Direct listings guarantee a higher stock price.

• Direct listings require less regulatory approval.

What is a current concern regarding SPACs?

• They are too expensive for small companies.

• They face potential regulatory changes.

• They are becoming obsolete.

• They are only available in the US market.

How does NASDAQ view its role in promoting diverse boards?

• NASDAQ believes it is not their responsibility.

• NASDAQ sees it as a key part of governance.

• NASDAQ thinks it should be left to individual companies.

• NASDAQ has no official stance on the matter.

What is NASDAQ's approach to investments?

• Focusing solely on technology companies.

• Investing in a wide range of product lines.

• Only investing in US-based companies.

• Avoiding any involvement in financial crimes.

How does NASDAQ perceive the crypto market?

• As a temporary trend.

• As a growing asset class with potential.

• As a risky investment.

• As irrelevant to their business model.