Coinbase has risen to become the world's fourth largest listed exchange.

According to BlockBeats news on February 29th, since the US Securities and Exchange Commission (SEC) approved the listing of Bitcoin ETF in January, the market value of Coinbase, the world's second-largest cryptocurrency exchange, has soared. Its market value has surpassed the Hong Kong Stock Exchange (HKEX), which is approximately $41.01 billion, reaching over $50 billion (currently $48.649 billion). Coinbase has jumped to become the world's fourth-largest listed exchange. According to Bloomberg data, as of December last year, Coinbase's predicted P/E ratio was 124 times, while HKEX's predicted P/E ratio was 26.94 times, still higher than most global exchanges.