It has been known that Coinbase, one of the most popular cryptocurrency exchanges in the USA and the world, has been preparing to go public for a while. Coinbase announced that it plans to go public via direct listing.
Founded in 2012 and one of the world’s leading crypto money exchanges, Coinbase increased its revenues considerably with the increases in the crypto money market in 2020 and 2021. For this reason, Coinbase, which is expected to go public in 2021, is among the most promising IPOs of this year.
San Francisco-based Coinbase has stepped up its IPO plans as the cryptocurrency market revived. Coinbase, which recently updated the data on its “About Us” page, announced that its total customer assets rose to over $ 90 billion and the number of verified users to over 43 million.
On the other hand, Coinbase is not the only company planning to go public via direct listing. Earlier Leading platforms such as Spotify, Slack, Palantir, and Asana went public through direct listing. The popular game Roblox is also expected to go public via direct listing later this year.