Coinbase, Exchanges

When Can I Buy Coinbase IPO?

It’s been a long time coming, but Coinbase finally filed to go public on Thursday. The popular cryptocurrency exchange submitted a Form S-1 to the Securities and Exchange Commission (SEC), setting the stage for a highly anticipated initial public offering (IPO).

Coinbase’s S-1 comes just a day after another major crypto exchange, Binance, announced plans to go public via a $5 billion initial coin offering (ICO). The Coinbase IPO is likely to be much bigger, however, given that the San Francisco-based company is one of the most well-known and well-funded exchanges in the industry.

Coinbase was founded in 2012 and has since raised over $540 million from notable investors such as Andreessen Horowitz, Tiger Global Management, and Y Combinator. The company is currently valued at $8 billion and is the most popular cryptocurrency exchange in the United States.

Coinbase has been riding the wave of Bitcoin’s bull run over the past year, with its platform seeing explosive growth in both users and trading volume. The company now has over 35 million verified users and supports trading of over 50 different cryptocurrencies.

NOTE: WARNING: Coinbase is not currently offering an initial public offering (IPO). Coinbase is a private company and does not currently intend to go public. Any websites or other sources claiming to offer Coinbase stock for sale are likely fraudulent. Investing in any security carries risk and investors should do their own research to understand the risks associated with any investment.

Coinbase’s S-1 filing reveals that the company generated $1.8 billion in revenue in 2020, up from $520 million in 2019.

Net income also grew significantly, from $30 million in 2019 to $322 million last year.

The majority of Coinbase’s revenue comes from transaction fees charged on trades made on its platform. The company also generates revenue from interest earned on crypto assets held in user accounts, as well as other services such as margin lending and staking.

Looking ahead, Coinbase expects its revenue to continue growing rapidly in 2021. The company projects that it will generate between $4 billion and $5 billion in revenue this year, with net income ranging from $730 million to $800 million.

Coinbase’s IPO is likely to be one of the biggest tech IPOs of the year and will be a major milestone for both the cryptocurrency industry and the wider adoption of digital assets. It remains to be seen when exactly the Coinbase IPO will take place, but it is expected to happen sometime in Q2 2021.

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