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Coinbase digital exchange is a step towards becoming a society

Coinbase has filed with US regulators to become a public trading company as digital currencies continue to move toward major adoption.

The digital currency exchange seeks direct listing, which will allow insiders and early investors to convert their shares on Coinbase into public trading securities.

Presenting a document to the Securities and Exchange Commission on Thursday, Coinbase also found out how the interest in digital currency is gaining momentum at the stock exchange.

Revenue more than doubled to $ 1.14 billion, from $ 322.3 million last year.

By 2020, Coinbase had 43 million verified users, with 2.8 million transactions per month.

Coinbase is stepping up to the moment when talk of cryptocurrencies is ubiquitous, even in the US Federal Reserve.

This month, Tesla said it was buying $ 1.5 billion in Bitcoin as part of a new investment strategy that Bitcoin will soon accept as payment for its electric vehicles.

This month, BNY Mellon, the oldest US bank, said it would include digital currencies in its customer service. Mastercard said it would start supporting “choosing cryptocurrencies” on its network. And Blue Ridge Bank in Charlottesville, Virginia, said it would allow cardholders to buy and redeem Bitcoin from its 19 ATMs.

But at present instability makes the use of digital currency for the exchange of goods and services inadmissible.

For the first time this month, the price of Bitcoin exceeded $ 50,000. Last year, its value increased by 450%, this week it decreased by 8%, and on Thursday – by 4%.

Early adopter of digital currency, billionaire Chamat Palihapitia tweeted this month that he bought an empty lot in Lake Tao using $ 1.6 million in Bitcoin in 2014. to have in his pocket if he just kept his Bitcoin – $ 27.5 million.

Coinbase Global Inc. intends to list Nasdaq under the “COIN” mark. It will not generate revenue from the list.


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