Coinbase, the popular platform used to buy, sell, and store bitcoin, ethereum, is marching its way towards becoming a public company. It filed paperwork this week with the Securities and Exchange Commission revealing a profitable company with tens of millions of users.
Coinbase's IPO will be highly watched because it's on track to be the first major US cryptocurrency exchange to go public.
The San Francisco company was founded in 2012 by CEO Brian Armstrong and Fred Ehrsam, its board director. The company has raised $525 million in its lifetime and was last valued at $8 billion, according to PitchBook.
Since the exit of those employees, the company has been on a hiring tear, multiple sources told Business Insider in October.