Coinbase, Inc. is preparing for a listing on the US stock exchange that Reuters says could occur this year.
According to Reuters sources Preparations for a listing are ongoing, but still require a green light from the Securities and Exchange Commission. If successful, this would be the first time that a cryptocurrency exchange is listed on traditional markets.. Some mining companies have completed or are preparing to go public, and Canaan did so late last year.
It is still unclear whether Coinbase will opt for an IPO to go public. While the additional capital increase is often associated with the listing, your existing shares may simply be available for trading without additional funds.
Coinbase was valued at over $ 8 billion in its last private round. Cointelegraph previously reported today that a new head of legal advice has been added to the company to manage relationships with financial regulators, possibly in preparation for the IPO.
The story is still unfolding.