Coinbase Files For IPO, Rubicon Crossing MOMENT?

Posted on 12/17/2020

With Bitcoin soaring to new record highs, interest from payment companies like PayPal and Square and genuine interest from more conservative institutional investors like MassMutual and Guggenheim Investments, San Francisco-based Coinbase Global, Inc. announced that it has begun the process for an initial public offering (IPO). Coinbase, the largest cryptocurrency exchange, confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission.

On December 17, 2020, bitcoin rallied more than 12% to top US$ 23,000 for the first time on record.

Coinbase was founded in 2012.

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