Coinbase Going To IPO? American Cryptocurrency …

Coinbase Going To IPO? American Cryptocurrency …

Coinbase will go public?

American cryptocurrency company Coinbase may prepare for an initial public offering (IPO), according to the publication of CNBC host Ran Neuner.

On Twitter, Neuner, known to the cryptocurrency community for interviews with entrepreneur Mike Novogratz, founder of the Binance exchange Changpeng Zhao, and other prominent industry figures, posted two slides that he claims will be used in tomorrow’s Cryptotrader broadcast on CNBC, dedicated to Coinbase’s IPO.

According to the information presented on the slides, to date, 25 million accounts have been registered on Coinbase, 7 million of them have a non-zero balance, and 600,000 are used for trading monthly. The Washington Post wrote in May that Coinbase manages more than 20 million accounts, and in August, CEO Brian Armstrong confirmed that at the end of last year, his exchange had 50,000 daily customers..

Also on the slides there is information about the company’s income and its sources. For the third quarter, Coinbase earned $ 90 million against $ 450 million in the fourth quarter of last year and more than $ 1 billion for the entire 2017. 80% of the company’s revenue came from retail customers, 15% from Coinbase Pro, that is, a platform for serving institutional investors, 5% from other sources.

Coinbase Going To IPO? American Cryptocurrency ...

Earlier this month, it became known that Coinbase was allegedly valued at $ 8 billion. The data were published by the Recode portal, which, citing sources, also said that the company could raise $ 500 million with the participation of both existing and new investors in the face of a multi-billion dollar fund. Tiger global.

Earlier, Armstrong admitted the possibility of an IPO for his company. At the Disrupt SF 2018 conference in September, he stressed that Coinbase has remained profitable “for quite some time,” while adding, “Never say never.”.

Coinbase Going To IPO? American Cryptocurrency ...
Coinbase Going To IPO? American Cryptocurrency ...

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