Coinbase CEO on the choice to go public through a direct listing

"I think SPACs and the traditional IPO and direct listing are all reasonable ways to go public. There's not really a wrong way to do it," Coinbase CEO Brian Armstrong told CNBC's Andrew Ross Sorkin when asked why he chose to go public through a direct listing. "I wanted there to be just a true market on day one that set the price, not something that was set behind closed doors."