×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

There is a new wave of excitement about cryptocurrencies after bitcoin’s recent rally pushed the global market cap of cryptos past the $2-trillion mark. But S&P Global Ratings believes they continue to be speculative instruments instead of a means for commerce. And this week Wednesday, Coinbase, the largest crypto exchange in the US, is scheduled to go public via an initial private offering (IPO).

Coinbase thrived in 2020 as investors poured into bitcoin. Yet, we still see exchanges failing like iCE3, which recently announced that it had been “advised to initiate liquidation proceedings” after suspending all trading on the exchange in March following the discovery of account discrepancies. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.