Coinbase, Inc. is reportedly getting ready for a United States stock exchange listing that is expected to arrive this year, consistent with Reuters reporting.
In line with Reuters sources, preparations for an inventory are underway but still need the green light from the SEC [Securities and Exchange Commission]. If successful, this is able to mark the primary time that a cryptocurrency exchange would be listed on traditional markets. Some mining firms have conducted or are preparing for IPOs [Initial Public Offerings], with Canaan doing so late last year.
It is yet unclear if Coinbase will choose an IPO to accompany public trading. While raising additional capital is usually related to listing, its existing shares could simply be made available for trading with no any additional funding.
Coinbase was valued at around $8 Bln in its latest private round. Earlier today, a legal counsel lead was brought within the company to manage relations with financial regulators, possibly might be for the preparations of IPO.