Coinbase & Ripple ready for IPOs? Who else in Fintech will go IPO?

Check out the video: Coinbase IPO

Coinbase, founded in June 2012 by Brian Armstrong and Fred Ehrsam, is a leading cryptocurrency exchange and wallet platform headquartered in San Francisco. As one of the world’s largest cryptocurrency exchanges they are said to be preparing to list on the U.S. stock market sometime in early 2021.

• Sources speaking to Reuters said Coinbase had already begun the process for a listing; it isn’t clear on which exchange venue this would take place.
• Rather than an initial public offering, it’s said the firm would prefer to go down the route of a direct listing on an exchange.
• The Securities and Exchange Commission would have to approve Coinbase’s listing application.
• Should it be approved, Coinbase would be the first crypto exchange to go public in the U.S.
• The company was valued at $8 billion at its last funding round in 2018.

Coinbase offers a variety of different products to its users, including a retail exchange (simply referred to as Coinbase) through which users can trade fiat for a variety of cryptocurrencies. Likewise, Coinbase provides a wallet capable of storing multiple cryptocurrencies and tokens in addition to digital collectibles. The company also offers offline cryptocurrency storage for institutions through its Coinbase Custody product. In May 2020, Coinbase acquired crypto prime broker Tagomi to further develop its product suite for institutional investors.

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