Bitcoin’s value reached a new high of $63,729.50 as of Tuesday (April 13), CNBC reported. Ether, the second most valuable coin, hit a new record of $2,317.
Coinbase’s direct listing could value the company at over $100 billion, which is more than major trading operators like Intercontinental Exchange, the owner of the New York Stock Exchange, according to CNBC.
The move comes as part of the club’s post-pandemic reopening slated for April 23. Guests will be able to reserve tables in bitcoin, ether, dogecoin, Ripple and other coins, the report stated.
E11EVEN operating partner Gino LoPinto said the club has a “very cutting-edge clientele” that are already crypto savvy, according to the report.
E11EVEN didn’t say what crypto payment processor it would be using, but the Miami Herald noted that almost all commercial ones let service providers like E11EVEN instantly convert the crypto into fiat.
Meanwhile, a U.S. Securities and Exchange Commission (SEC) request to look into eight years’ worth of Ripple financial records has been denied by Judge Sarah Netburn in a court document, CoinDesk reported.
Ripple has now won another victory against the regulator, which has been looking into the company for potentially selling unregistered securities, according to CoinDesk. Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen said the request was “wholly inappropriate overreach.”
“This launch comes at an incredibly exciting time for the crypto community, and we can’t wait for everyone to have access to easy-to-use options trading so they can start buying Calls and Puts to trade the bitcoin volatility,” the post stated.
Bitcoin options will be the first ones on the app, followed by ethereum and other assets later.