Coinbase Announces Proposed

Coinbase Announced last month that it had confidentially submitted a draft registration statement with the SEC.

Leading cryptocurrency exchange Coinbase Global said it intends to become a publicly traded company according to its proposed direct listing of Class A common stock.

  • On December 17, 2020, Coinbase announced it had submitted a draft registration statement on Form S-1 with the Confidential US Securities and Exchange Commission.
  • The S-1 is not yet publicly available. The firm’s announcement as of Thursday includes any details when the stock will be listed or under which the ticker.
  • Coinbase recently announced that around 2020 and 43 million registered users had assets of $ 90 billion on the platform.
  • By comparison, Robinhood has about 13 million users, with the fintech app GameStop (GME) and other meme stocks embroiled in controversy after a sudden halt to the business.

By Alex Alena

Alex Alena has been the lead news writer at Cryptocurrency Updates. With a degree in communications, Matt has an uncanny ability to make the most complex subject matter easy to understand.