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Introducing The Block Research new comp sheet for the crypto equity and governance token universe.
In 1Q’21 nearly $2 billion was raised through public capital markets activity, largely driven by PIPEs.
Public crypto companies in 2021 have raised 10x the amount of capital vs 2020 raises.
Coinbase is currently trading at 14x the current street consensus 2021 revenue estimate of $4.84B. That’s a meaningful discount to the 24-25x FY’21 revenue multiples that both Silvergate and Voyager currently command.
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