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21
Dec, 2020

Coinbase Gets Ready for the Stock Exchange

In December 17, in the middle of price surge panic, Coinbase, one of the largest crypto exchanges worldwide, filed a S-1 form for entering the American stock exchange.

 

We should remind that the last valuation for the company, based on private funding rounds was around $8 billion, while according to sources from Messari, the company is looking for a new valuation around $28 billion, with the stock exchange entrance.

 

In this process, the bank that will “run” the financing round will be Goldman Sachs while the FTX platform will issue future contracts even before the company listing in the stock exchange.

 

With the green light from the SEC, Coinbase will enter the “system”, bringing new standards in the crypto world.