Coinbase Announces Offer Of Secondary Market As Firm Plans To Go Public
Last Updated: 23 January 2021
As the crypto market is hotly anticipating the largest US cryptocurrency exchange Coinbase to go public, the company will also launch a secondary market along.
Although this market debut has been anticipated for some time, it wasn’t until last month that Coinbase filed a confidential S-1 for the stock listing on Nasdaq.
Employees are allowed to sell their shares
The exchange offers trading for several cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ethereum Classic, Tezos, and Bitcoin Cash.
Coinbase offers Bitcoin storage and transactions for about 190 countries, while it serves about 32 countries with fiat currencies.
Messari Values Coinbase at $28 Billion Ahead of Public Offering
Last Updated: 21 December 2020
After months of speculation, top cryptocurrency exchange Coinbase has announced plans to file for an Initial Public Offering (IPO). While the company has yet to release its planned valuation, research firm Messari is putting a possible value peg on the firm.
Coinbase’s Business Has Grown Significantly
Last week, New York-based crypto research company Messari published a report where it dissected Coinbase’s valuation as the exchange gears up for its IPO.
In its report, Messari considered several business aspects Coinbase has incorporated, from debit cards and core exchange functions to trading and custody. In an overview, the research firm valued the exchange at $28 billion. Messari highlighted the exchange’s largesse, pointing out that Coinbase serves around 35 million customers and handles over $1 billion in trades daily.