Coinbase is going public via direct listing on the Nasdaq Wednesday, April 14.
"Whether or not you're a believer in cryptocurrency, you should be a believer in Wednesday's highly anticipated direct listing of Coinbase, which will trade under the symbol COIN. Cramer said Coinbase is a great company with terrific management, but it's coming to market at the worst possible time," wrote TheStreet's Scott Rutt.
"The bull case for Coinbase is simple. The company is the king of the cryptocurrency exchanges with growing market share and rising trading volumes. Coinbase boasts 56 million users that account for 11% of the total cryptocurrency market. Cramer noted that a $3 trillion market cap would not be unheard of for this growing platform," he continued.
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