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.