The biggest crypto exchange in the United States has finally applied to go public with the company stating:
“Coinbase Global, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”). The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions.”
It’s unclear how long the review process will take, but Coinbase is now likely to go public next year.
Previous valuations have put it at $8 billion, with it probable this will be the biggest Initial Public Offering (IPO) in the crypto space.