Coinbase, the largest cryptocurrency exchange in the United States, could debut in the United States stock market in 2020, according to a recent report by Reuters.
Multiple sources familiar with the matter have confirmed that the trading platform led by Brian Armstrong is in the midst of preparations for its public debut.
The giant $ 8 billion cryptocurrency exchange must obtain approval from the United States Securities and Exchange Commission (SEC) to list on the stock market.
As previously reported, Canaan Creative became the first cryptocurrency mining company to be listed on the U.S. stock exchange in November 2019.
However, instead of an IPO, Coinbase reportedly will go for a direct listing, meaning it will not issue pre-market shares before they start trading.