Legal

Coinbase Files Registration To Become A Publicly Traded Company.

Renowned cryptocurrency exchange Coinbase Global has revealed that it intends to become a publicly-traded firm pursuant to a proposed direct listing of its Class A standard stock.

Within an official announcement on 17th Dec. 2020, Coinbase added it had confidentially submitted a draft registration statement on Form S-1 with the United States SEC [Securities and Exchange Commission].

The S-1 isn’tĀ yet publicly available. The firm’s announcement on Thursday explained that no detailsĀ as to when the stock would be listed or under which ticker.

Coinbase recently added that it had $90 Bln in assets on the platform at the close of 2020 and 43 Mln registered users.

Comparatively, there are roughly 13 Mln users on Robinhood, the fintech application embroiled in controversy after abruptly halting trading of GameStop [GME] as well as other meme stocks.

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