On December 20, 2017, Coinbase, one of the most well-funded and well-known cryptocurrency exchanges, filed its S1 with the US Securities and Exchange Commission (SEC). The filing comes as no surprise, as Coinbase has been rumored to be planning an initial public offering (IPO) for some time.
The S1 filing is a necessary step in the process of going public, and it provides potential investors with a wealth of information about the company. In addition to financial information, the S1 also provides an overview of the company’s business model and strategy.
Coinbase was founded in 2012 and is headquartered in San Francisco. The company has raised over $200 million from a variety of investors, including Andreessen Horowitz, Union Square Ventures, and the New York Stock Exchange.
Coinbase is one of the most popular cryptocurrency exchanges, allowing users to buy and sell a variety of digital assets. The company also offers a wallet service, which allows users to store their cryptocurrencies offline in a secure environment.
In addition to its exchange and wallet services, Coinbase also provides merchant services that allow businesses to accept cryptocurrencies as payment.
The filing of Coinbase’s S1 is an important step in the company’s journey towards becoming a publicly-traded company. The move will provide potential investors with greater clarity into the business and should help to boost confidence in the cryptocurrency space as a whole.