Coinbase IPO

Coinbase IPO, summary

| CryptoPress

Coinbase Global, the largest U.S. cryptocurrency brokerage, publicly filed its S-1 form for a direct-listing initial public offering Thursday. [1]

A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading platform filed paperwork with the Securities and Exchange Commission on Thursday. [5]

Yes, Coinbase IPO is happening, and very soon, you will be able to purchase shares of the best crypto trading platform. [] Unlike traditional IPOs, the company plans to go for a direct listing like Spotify and Palantir. [2]

With the growing hype of Bitcoin and everything that is going on in the cryptocurrency world, Coinbase has gotten a lot popular. [2]

Coinbase more than doubled its revenue last year and booked a profit for the first time, the exchange revealed in paperwork filed with the regulator as it pushes for a stock listing on public markets. [3]

Coinbase bills itself as a bet on the rapidly growing cryptoeconomy, which starts with the No. 1 crypto asset bitcoin but goes well beyond that, Armstrong and company argue. [5]

The Coinbase filing is a trove of information about the largest US cryptocurrency exchange. [3]

Roughly half of last year’s revenue came in the last four months of 2020 alone, amid a roaring bitcoin bull market, as Forbes reported in January. [4]

Coinbase’s S-1 filing with the US Securities and Exchange Commission showed that it booked revenue of $1.14 billion in 2020 and net income of $322 million. [3]

Investors speculate that Coinbase will be worth more than $100 billion when it starts trading publicly on the Nasdaq. [4]

Last week, bitcoin hit a market value of $1 trillion and even though the asset created by a person or persons known as Satoshi Nakamoto represents about 70% of the total crypto market, there are still a number of other popular crypto assets trading on Coinbase, including ether on Ethereum’s blockchain, Bitcoin Cash and Litecoin to name a few. [5]

Estimates of Coinbase’s valuation have climbed in recent weeks, as it wends its way through the initial public offering (IPO) process. [3]

With the increasing rise in the investment in cryptocurrencies, we can expect an increase in the revenue, profits, and price share of Coinbase. [2]

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