New ask Hacker News story: Ask HN: Why didn't Coinbase 'IPO' by issuing tokens via an ICO?

Ask HN: Why didn't Coinbase 'IPO' by issuing tokens via an ICO?
2 by pHollda | 3 comments on Hacker News.
Why did coinbase IPO by selling shares traditionally instead of issuing tokens via an ICO? Wouldn't that have shown a real belief in what they are doing? If there are current legitimate legal risks to issuing all their publicly-sellable equity via an ICO? Why not do only some of it as crypto coins? What's stopping them from issuing a few coins even now? They don't need to need the money. They need to prove that ICOs can work. They are the best placed company in the world to do this: are at the intersection between tradfi and defi, and exist in a country where regulations do exist and do get enforced.

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