Hot topics close

Bitcoin Exchange Coinbase Files for Initial Public Offering

Coinbase will be the first major bitcoin-focused company to test the public markets.
Coinbase Chief Executive Brian Armstrong Photo: Nikki Ritcher for the Wall Street Journal
By
Paul Vigna
Close Paul Vigna
  • Biography
  • @paulvigna
  • Paul.Vigna@wsj.com
Dec. 17, 2020 2:15 pm ET

Coinbase Global Inc., the largest U.S.-based cryptocurrency exchange, said it has filed with the Securities and Exchange Commission for an initial public offering, the first major bitcoin-focused company to test the public markets.

The company disclosed the news in a blog post Thursday afternoon.

The filing positions San Francisco-based Coinbase to be one of the first big IPOs of 2021, in what is expected to be another big year for companies going public.

There are a smattering of small crypto-based companies that trade publicly in the U.S. and overseas, but none the size of Coinbase, which was most recently valued at around $8 billion. It is the largest U.S.-based cryptocurrency exchange by trading volume and one of the largest crypto exchanges in the world.

Coinbase’s IPO filing comes just a day after bitcoin topped $20,000 for the first time in its 12-year history. The digital currency’s value has nearly tripled in 2020.

From the Archives
WSJ's Joanna Stern "bumps into" the Coinbase CEO Brian Armstrong and asks him why we need cryptocurrency, how he spends it and if the dollar will disappear. Photo: Andria Chamberlin for The Wall Street Journal (Originally published Dec. 3, 2019)

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Similar news
  • Coinbase Chooses Direct Listing Route to Public Markets
  • Bitcoin Wallet Market Consumption, Industry Share By Key Players – Binance, Coinbase, Bitfinex, Kraken, Coinmama, Bitconnect, Gdax, BitStamp, Hitbtc,
  • Bitcoin Wallet Market 2021-2027 Detailed Analysis By Coinmama, Coinbase, Bitsane, Kraken, Gdax, Hitbtc
  • Cryptocurrency exchange Coinbase to go public via direct listing
  • Coinbase Will Go Public the Same Way Palantir, Slack, and Others Did
  • Coinbase Chooses Direct Listing Instead of IPO
  • Coinbase is going public via direct listing
  • Coinbase Global Intends to Go Public Via Direct Listing
  • As bitcoin surges, prominent cryptocurrency exchange Coinbase aims to go public
  • Coinbase Files for IPO
  • Cryptocurrency exchange Coinbase says it's filed to go public
  • Coinbase files to go public confidentially and we’re hyped
  • Coinbase files for US listing in a first for a cryptocurrency exchange
  • Popular crypto exchange Coinbase files confidentially to take itself public as bitcoin price soars to record above $23,000
  • Cryptocurrency exchange Coinbase files with regulators to go public
  • Cryptocurrency exchange Coinbase files with regulators to go public
  • Coinbase files to go public confidentially and we're hyped
  • Coinbase announces IPO in a milestone for the crypto industry
  • Largest U.S. cryptocurrency exchange Coinbase files for IPO as bitcoin soars past $23,000
  • Coinbase Warns about Cryptocurrency Volatility