The economic news in recent days is Coinbase IPO, maybe the exchange world’s most famous cryptocurrency exchange. Despite the falls since its inception, its market capitalization (what the company is worth) exceeds 60,000 million dollars, more than any Spanish bank, for example.
The funny thing is, when Coinbase was still a relatively small startup, BBVA invested in it. In an investment round in 2015, BBVA acquired between 2.5% and 5% of Coinbase, according to market sources, for between 10 and 20 million dollars. The data is not public as Coinbase was not a listed company at the time. How much money has BBVA made since then?