Coinbase applies for stock exchange listing – Emerce

The exchange office and crypto gateway Coinbase is requesting a listing on the US stock exchange.

To this end, it has reached the SEC financial regulator in recent hours a request submitted. Coinbase had previously announced its intention to do so. The route to the stock exchange takes place via a so-called direct listing: staff and investors sell their own shares. There is no issue, as with an IPO.

The company seems to have the sentiment. There is great interest in crypto coins, prices are high. Last year there were 2.8 million active traders per month and the system had 43 million registered users.

Revenue grew from 534 million to 1.3 billion dollars in 2020 with a profit of 128 million dollars at the end of 2020.

Two months ago, Brian Armstrong’s company said (photo) deposited a coin for 90 billion dollars.

Photo: Techcrunch (cc)


Source: Nieuws – Emerce by www.emerce.nl.

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