Coinbase to support Flare's Spark Airdrop

Crypto Exchange Coinbase Discloses Plans to go Public

One of the leading cryptocurrency exchanges, Coinbase, has revealed plans about going public. This has caused a lot of buzz both in the crypto community and in the financial world. If it finally gets listed, it would be the first American crypto exchange to do so.

Process Currently Under Review by SEC

In a recent blog post, Coinbase declared it has submitted a confidential registration for a public offering. The exchange made it known yesterday that it has filed for registration from the SEC. If this registration house through, it means that Coinbase would be listed on an exchange and have shared. The exchange shared that it had submitted a Form S-1 and was waiting for review. Further details about the listing or review have not been revealed yet.

As far back as July, the exchange has been looking at going public. According to a report by Reuters, the stock listing was scheduled to happen this year or early next year. Sources close to Coinbase say it might opt for a direct listing, instead of issuing an Initial Public Offering (IPO). If it goes for an IPO, it could be worth about $8 billion. This figure comes from the exchange’s value at a fundraising round two years ago.

The listing could boost the confidence of investors, especially at the institutional level, in crypto. The recent bullish run of Bitcoin also serves as a boost to all crypto firms and would favour Coinbase’s listing. The price of Bitcoin lately has peaked at an all-time high at $23,800. The timing of this announcement would be an advantage to the company next year, according to analysts.

About Coinbase

Coinbase is a San Francisco-based company started 8 years ago by Brian Armstrong and Fred Ehrsam. What started as a simple exchange for crypto transactions, has now become the biggest exchange in America. It has a total volume trade of about $320 billion, and 35 million customers in more than 100 countries.

Previous Post
American express

FalconX Receives Support From Credit Card Firm American Express

Next Post
US DOJ Silkroad

Flash Loan Attack: Warp Finance Drained of $8 million in Latest Episode

Related Posts