Coinbase is Going Public

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  • Fri, Feb 26, 2021 - 07:00am

    #1
    Mohammed Mast

    Mohammed Mast

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    Coinbase is Going Public

coinbase is going public and its S-1 filing has been released.

coinbase is the largest cryptocurrency exchange in the US. in 2018 it was valued at $8 billion. in 2020 it was valued at $77 billion. it is currently valued at over $100 billion.

in the filing the company confirmed it has 43 million retail users and 7000 institutional clients. it operates in over 100 countries.

the valuation is a result of trading on the nasdaq private market.

coinbase has been the exchange which handled the microstrategy purchases and also the tesla $1.5 billion purchase. its customer base is now more heavily weighted to institutional investors.

the ipo will be a direct listing rather than being offered through a broker.

https://www.theblockcrypto.com/post/95921/coinbases-s-1-public-filing-is-now-public-setting-stage-for-a-direct-listing-on-nasdaq

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