![\"Coinbase](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/12\/coinbase-files-paperwork-with-sec-to-launch-public-offering-768x432.jpg\")
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U.S. cryptocurrency exchange Coinbase had confidentially filed a draft registration for a public offering to the Securities and Exchange Commission (SEC).<\/strong><\/p>\n On December 17, 2020, the exchange made the announcement<\/a> on its blog, stating that the firm submitted a draft registration statement on Form S-1 with the SEC. The firm also clarified:<\/p>\n The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions.<\/p>\n<\/blockquote>\n Plans of looking for an initial public offering (IPO) date back from July 2020. As news.Bitcoin.com previously reported<\/a>, Coinbase Inc. was planning a U.S. stock market listing for later this year or early 2021, citing a Reuters report, although it\u2019s not clear which stock exchange they are targeting.<\/p>\n The latest valuation put the U.S.-based crypto exchange at over $8 billion, and this move opens the doors for a future IPO for one of the biggest names in the crypto industry nowadays.<\/p>\n Speaking with news.Bitcoin.com, Meltem Demirors, Coinshares\u2019 CSO, said that putting out a notice about a confidential S-1 filing is a 2020 move and has also been used by Affirm other firms. Also, he pointed out the fact that \u201cthe timing is especially fortuitous as BTC<\/a> is breaching all-time highs.\u201d<\/p>\n Demirors commented about what this Coinbase\u2019s possible IPO means for the crypto community:<\/p>\n I believe that this will be a monster IPO and the first of many to come in 2021. This and future IPOs will further enable investors at both an institutional and retail level to get more pure-play exposure to crypto-assets.<\/p>\n<\/blockquote>\n <\/ins> <\/ins> <\/p>\n Another crypto heavy-weight company trading publicly is Canaan Creative, the manufacturer of ASIC mining rigs, which recently posted a net loss of $12.7 million on its Q3 financial results published<\/a> on November 30, 2020. Canaan dominates the SHA-256 miners market globally<\/a>, together with Bitmain, Microbt, and Ebang.<\/p>\n Looking ahead, Coinshares\u2019 CSO believes that Coinbase\u2019s IPO \u201cwill be the first meaningful exit, which means more allocation to crypto companies\u201d in the future.<\/p>\n The U.S.-based crypto exchange didn\u2019t provide further details as of press time about this announcement.<\/p>\n What are your expectations for the Coinbase IPO\u2019s plans? Let us know in the comments section below.<\/strong><\/em><\/p>\n The post Coinbase Files Paperwork With SEC to Launch Public Offering<\/a> appeared first on Bitcoin News<\/a>.<\/p>\nCoinbase Sent Draft Registration to the US SEC<\/h2>\n
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Other Major Crypto-Related Firms Trading Publicly<\/h2>\n