By going public, Coinbase helps establish the legitimacy of Bitcoin and the cryptocurrencies industry.

TAX SOFTWARE DEALS OF THE WEEK

Here’s everything you should probably know about Coinbase going public.

When can I buy Coinbase stock?

Coinbase went public at 1:25 p.m.

ET on the Nasdaq exchange.

Why is Coinbase using a direct listing?

Coinbase stockholders will be looking to sellalmost 115 million shares.

Have there been any controversies at Coinbase?

Some crypto traders aren’t so hot on Coinbase’s practices.

That’s mainly because of its fee for trading and buying crypto.

Coinbase charges a0.5%fee, while other exchanges charge from 0.05% to 0.1%.

The other issue for some traders is the relatively small number of cryptocurrencies available to trade on Coinbase.

One of the more popular altcoins not available for trade on the exchange isDogecoin.

Transactions were reversed for the people affected.

Armstrong wrote afollow-up postto clarify his intentions.

What is the ‘Coinbase effect’?

Because Coinbase trades a limited number of cryptocurrencies, it’s developed a reputation as a kingmaker.

On average, prices for a newly listed coin can go up by91% within five days.