Cryptos: the CoinBase platform prepares a grand entrance to the Nasdaq

Cryptos: the CoinBase platform prepares a grand entrance to the Nasdaq

Created in 2012, the Coinbase Global platform, which specialises in transactions on cryptomoney, has just filed its application for a public offering with the New York Stock Exchange. The company, advised by JP Morgan and Goldman Sachs, has opted for a direct listing on the Nasdaq, the Wall Street market for technology stocks. This listing system allows the company to go public by simply selling shares held by the founders and original shareholders, without issuing new shares.

According to documents filed with the regulator, Coinbase’s revenues more than doubled in 2020 to $1.28 billion, with a profit of $320 million. In fact, the platform is taking full advantage of the frenzy of investors, particularly institutional investors, for digital currencies whose prices have exploded by 500% in one year.

The platform boasts some 43 million users (out of an estimated 106 million users worldwide), including nearly 3 million active clients who trade every month. With bitcoin or etherum, the platform supports more than 90 cryptosystems, for the encryption of…

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Cryptos: the CoinBase platform prepares a grand entrance to the Nasdaq
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