It’s been a long time coming, but it looks like Coinbase is finally going public. The popular cryptocurrency exchange has filed confidentially for an initial public offering (IPO), according to people familiar with the matter.
This is a huge development for both Coinbase and the cryptocurrency industry as a whole. Coinbase is one of the most well-known and used cryptocurrency exchanges in the world, and it is also one of the most trusted.
It’s been around since 2012 and has built up a large user base of over 20 million people.
Going public will give Coinbase a lot more legitimacy in the eyes of both institutional and retail investors. It will also make it much easier for people to invest in Coinbase, as they will be able to buy shares on the stock market instead of having to go through the process of buying cryptocurrencies on the exchange.
It’s not yet clear when Coinbase will go public, but it’s likely to happen sometime in the next few months. Once it does, it will be one of the biggest IPOs in recent years and could value the company at over $8 billion.