Coinbase Global Inc., the biggest U.S. cryptocurrency exchange, said it has filed confidentially with the Securities and Exchange Commission to go public it what’s anticipated to be a break-through moment for the industry, according to Bloomberg.
The San Francisco-based company said in a statement that it expects its draft registration filing to become effective after the SEC completes its review process. The company didn’t provide further details of its listing plans and a representative declined to comment beyond the announcement.
Coinbase’s announcement comes at the end of the biggest year ever for initial public offerings on U.S. exchanges. Newly public companies have raised more than $175 billion, according to data compiled by Bloomberg. IPOs reached an all-time high this month for December, with 63 companies raising more than $23 billion in new listings, the data show.
Coinbase was valued at more than $8 billion in 2018 after a $300 million funding round led by Tiger Global Management.
The company, started in 2012, has raised more than $500 million. Coinbase said it has has more than 35 million verified users in more than 100 countries and more than $25 billion in assets on its platform.
„Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”