What happens if Coinbase goes public in 2021?

Given Coinbase's current dominance in the cryptocurrency exchange market, its potential public listing in 2021 could have significant implications for the entire crypto ecosystem. As a questioner, I'd like to inquire about the potential outcomes of such a move. Firstly, how would Coinbase's valuation change post-IPO? Would it solidify its position as the leading crypto exchange, or would it face increased competition from rivals? Secondly, what impact would a Coinbase IPO have on the overall crypto market? Would it boost investor confidence, leading to increased trading volumes and market capitalization? Conversely, could it potentially lead to market volatility or a correction in crypto prices? Lastly, how would Coinbase's operational strategies change post-IPO? Would it be forced to make compromises to appeal to traditional investors, or could it maintain its independent spirit while leveraging the newfound capital? The answers to these questions hold immense importance for both investors and enthusiasts alike in the cryptocurrency world.