Coinbase, one of the most popular cryptocurrency exchanges, is planning to go public this year. Chief Executive Officer Brian Armstrong said in a blog post on Thursday that the company is aiming to list its shares on the stock exchange by mid-2021. The move would make Coinbase the first major U.
S.-based cryptocurrency firm to go public.
Coinbase was founded in 2012 and has grown to become one of the most popular cryptocurrency exchanges. The company allows users to buy and sell cryptocurrencies, and also provides a wallet service.
As of December 2020, Coinbase had more than 30 million users.
The company has been on a strong growth trajectory in recent years, as interest in cryptocurrencies has surged. In 2020, Coinbase generated revenues of $1.
8 billion, up from $520 million in 2019. The company is also now valued at $8 billion, after raising $300 million in a funding round led by Tiger Global Management in 2018.
Coinbase’s plans to go public come as bitcoin, the world’s largest cryptocurrency by market value, has soared to new highs. Bitcoin hit a record high of $48,000 on Thursday and is now up more than 70% so far this year.
Ethereum, another popular cryptocurrency, has also surged in recent months and is now trading above $1,700.
NOTE: WARNING: Coinbase has not yet launched an Initial Public Offering (IPO). There are currently no plans for Coinbase to launch an IPO. Any offers to purchase Coinbase stock are likely fraudulent. Do not provide any personal or financial information to anyone claiming to offer access to a Coinbase IPO.
Investors have been piling into cryptocurrencies as they bet that the asset class will continue to gain mainstream acceptance and see more institutional adoption. PayPal recently started allowing its customers to buy and sell cryptocurrencies on its platform, while electric car maker Tesla invested $1.
5 billion in bitcoin last month.
Going public would give Coinbase a much-needed boost of legitimacy at a time when some institutional investors are still skeptical about cryptocurrencies. It would also allow the company to raise more capital to fund its growth plans.
Armstrong said that going public is “an important step” for Coinbase as it looks to accelerate its mission of building an “open financial system for the world.”.
So how can you get in on the action when Coinbase goes public? We break it down for you below:
If you want to buy shares of Coinbase when it goes public, you’ll need to open a brokerage account with a firm that offers IPOs (initial public offerings). Fidelity Investments and TD Ameritrade are two examples of brokerages that offer IPO access to their clients.
Once you have an account set up, you’ll need to place an order for Coinbase shares when they start trading on the stock exchange. The price will be determined by supply and demand, so it’s impossible to say exactly how much each share will cost ahead of time.
However, based on its current valuation, each share could cost around $200-$300.
You can place an order for Coinbase shares through your broker just like you would for any other stock or security.
10 Related Question Answers Found
It’s no secret that Coinbase, one of the most popular cryptocurrency exchanges, is preparing to go public. The San Francisco-based company has been tight-lipped about its plans, but people close to the situation say an IPO could happen as soon as this year. Investors are eagerly anticipating Coinbase’s public debut, as it would be the first major cryptocurrency company to list on a major U.S.
If you’re looking to buy Coinbase IPO, there are a few things you need to know. First, it’s important to understand that Coinbase is a private company. That means that there is no public market for their shares.
If you’re looking to buy Coinbase IPO, there are a few things you need to know. Coinbase is set to go public on the NAsdaq on April 14th, and it’s already one of the most highly anticipated IPOs of the year. The company is the largest cryptocurrency exchange in the US, and it’s expected to be valued at around $100 billion when it goes public.
Coinbase, one of the most popular cryptocurrency exchanges, is going public on April 14th. This will be the first major U.S. exchange to do so and is expected to be a huge event for the crypto world.
If you’re new to Coinbase and trying to figure out how to create a new account, this article will help guide you through the process. Creating a new account on Coinbase is simple and only takes a few minutes. To get started, go to the Coinbase website and click on the “Sign Up” button.
If you’re like most people, you probably use a Coinbase account to buy and sell Bitcoin, Ethereum, and other cryptocurrencies. But what happens if you lose access to your account? In this article, we’ll show you how to get your Coinbase account back.
Setting up a Coinbase account is easy and only takes a few minutes. If you haven’t already done so, go to Coinbase. com and create an account.
The Coinbase IPO is one of the most highly anticipated public offerings in recent memory. The digital currency exchange is set to go public on April 14th and there is a lot of interest in how to buy Coinbase IPO shares. Investors who want to buy Coinbase IPO shares will need to open a brokerage account with a firm that offers IPO access.
If you’re looking to buy Coinbase IPO stock, you’re in luck. The company went public on the NAsdaq on April 14th and is now trading under the ticker symbol “COIN.
” Here’s what you need to know about how to buy Coinbase IPO stock. Coinbase is the largest cryptocurrency exchange in the United States.
As the cryptocurrency exchange Coinbase readies to go public, some investors are wondering if they can buy Coinbase IPO. The simple answer is no – at least not yet. Unlike most traditional IPOs, there is no set date or price range for the Coinbase IPO.
