Coinbase (CBSE) is a pre-IPO contract. It tracks Coinbase's market cap divided by 250 000 000. CBSE balances will convert into the equivalent amount of Coinbase Fractional Stock tokens at the end of Coinbase's first public trading day.
In the event that Coinbase does not publicly list by June 1, 2022, CBSE balances will cash-expire to 32 $, in line with an 8 billion dollar valuation.
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