It is expected that major U.S. crypto exchange Coinbase may go for an IPO in early 2021.
Just recently it has been revealed by Reuters that a well-known cryptocurrency exchange Coinbase is starting to prepare for going for an IPO. Though there is no official confirmation, we can already say that if it is true, it will be a very important milestone not only for the exchange but for the entire crypto world in general.
Coinbase can become the first major U.S. crypto exchange offering its stocks via an IPO. However, in any case the approval from the U.S. Securities and Exchange Commission (SEC) is required. That’s why the time is needed for all the processes. Coinbase IPO can be expected in the beginning of 2021.
EXCLUSIVE-
COINBASE INC KICKS OFF PREPARATIONS FOR A STOCK MARKET DEBUT-SOURCES— *Walter Bloomberg (@DeItaOne) July 9, 2020
At the latest private fundraising round that took place in 2018, teh valuation of the exchange was over $8 bln. However, the traditional listing will be a new format for it.
This is Breaking News. Will be updated later.
Coinbase hasn’t provided any comments yet.
Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.
