The cryptocurrency brokerage Coinbase said Thursday that it has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for a final initial public offering.
The announcement comes in the form of interest in bitcoin and other cryptocurrencies that increased during the coronovirus epidemic. Investors find such currencies attractive as the US dollar weakens.
Bitcoin is breaking its own price record and recently surpassed the symbolic $ 20,000-a-coin milestone. Since then it has been steadily climbing and according to data provider Refinitive, it was last traded at $ 23,000.
Coinbase was launched according to its website in 2012, and “more than 35 million people in more than 100 countries believe in buying, selling, storing, using and earning cryptocurrencies.” The company indicates that it has over $ 25 billion in assets on the platform and over $ 320 billion in total business.
Coinbase declined to provide additional comment.