No IPO for Coinbase; The 43 Million User-base Exchange is Taking the Direct Route

2021-1-29 16:56

The biggest cryptocurrency exchange in the US, Coinbase, is planning to go public through a direct listing, said the company in a statement. It reads,

“Coinbase Global, Inc. today announced its intent to become a publicly-traded company according to a proposed direct listing of its Class A common stock.”

Last month, the San Francisco-based company announced that it had filed its registration documents with the U.S. Securities and Exchange Commission (SEC). At the time, the company didn’t clarify if it would pursue an initial public offering (IPO) or direct listing.

Coinbase will join the handful of companies, including Spotify, with the direct listing route to go public through direct listings. Roblox Corp., an online video game company, also announced that it’s planning a direct listing after raising capital privately and delaying its IPO.

In its 2020 review report, Coinbase revealed that it has more than 43 million users, with growth accelerating in late 2020.

Recently, another crypto exchange Gemini said that they could consider an IPO. Already eight crypto firms are eyeing initial public offerings amidst the surging cryptocurrency market.

According to Renaissance Capital, social trading platform eToro and mining company MicroBT, Bitmain Technologies, and Bitfury have joined the chatter of public offerings slated for this year, which provides IPO ETFs and institutional pre-IPO research.

“Given current appetite for cryptocurrencies, I expect extremely strong demand for bellwether crypto companies that are already turning a profit,” Emmanuel Goh, co-founder, and chief executive officer of data analytics Skew, told Bloomberg.

The post No IPO for Coinbase; The 43 Million User-base Exchange is Taking the Direct Route first appeared on BitcoinExchangeGuide.

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Is Coinbase close to becoming the first public US crypto exchange?

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2020-8-12 12:49


Slow but steady wins the race: Coinbase to add batched Bitcoin transactions

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Coinbase adding batched transactions, reduces Bitcoin transaction fees

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Coinbase: Customers making money is very important to crypto-exchanges, says CEO Brian Armstrong

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Coinbase’s New Coin-To-Coin Model: Better Than Direct Deposit To Coin Conversions?

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2018-12-21 01:59


Fee Analysis for Coinbase’s New Crypto-to-Crypto Conversions

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2018-12-18 12:28


Coinbase launches direct crypto conversions for its customers

On December 18, a crypto exchange Coinbase announced the launch of a new feature called Convert, which customers can use to convert one cryptocurrency into another. Initially, customers can convert between Bitcoin (BTC) and Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX), or Bitcoin Cash (BCH). Converting is available on Coinbase.com and in the […]

2018-12-18 09:40


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Coinbase launches new standalone wallet (but it supports only Ethereum for now)

Coinbase has re-launched its wallet offering to try and become the “gateway to the decentralized internet. ” Hopefully, it’s more than just a re-branding exercise. In a recent blog post, Coinbase announced that it is revamping its wallet offering, retiring Toshi and making way for the Coinbase Wallet – an undeniably direct, and to the point name.

2018-8-16 12:53


Coinbase Launches Direct Withdrawals to Uber, Tesco, Google Play Gift Cards

Leading cryptocurrency exchange Coinbase announced the launch of a new service allowing customers in the EU and Australia to exchange cryptoassets for e-gift cards. Announced on July 25, 2018, the new service allows users to spend their Coinbase funds on e-gift cards via WeGift, skipping the crypto to fiat bridge and facilitating the near-direct exchange […] The post Coinbase Launches Direct Withdrawals to Uber, Tesco, Google Play Gift Cards appeared first on CryptoSlate.

2018-7-26 11:00


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