Coinbase files in preparation for landmark public offering

posted about 1 month ago
Coinbase is getting ready to go public. On Thursday, the major cryptocurrency exchange filed preliminary documents with the U.S. Securities and Exchange Commission (SEC).

The major exchange is positioning itself as Wall Street’s most accessible bet yet on cryptocurrency. In October 2018, Coinbase was valued at $8 billion. Given the stratospheric increase in the price of bitcoin since then and the recent demand for initial public offerings, it’s expected Coinbase’s current valuation will be significantly higher.
Tags: bitcoin, news