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Coinbase Took The First Step Towards IPO

Coinbase, one of the largest cryptocurrency exchanges in the US, is planning an initial public offering. Coinbase recently filed the first draft of a related Form S-1 application with the US Securities and Exchange Commission (SEC) for approval, according to a press release of December 17.

This application contains important information about the field of activity and balance data of affiliated companies. The supervisory authority decides on the further course of the IPO. In July of this year, the exchange’s plans to enter the market were already announced.

Cryptanalyst Messari has estimated the value of Coinbase’s assets at $28 bln.

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