Cryptocurency exchange known as "Coinbase" to go public
Coinbase is one of the largest and best Cryptocurrency exchange In the world,recently the exchange '" Coinbase"actually filed with the Securities and Exchange Commission (SEC) on a decision that they want to really go public and it will be done via a direct listing.....
Well The company's IPO filing actually will occur during an actual time of an increased interest and also prices for the whole cryptocurrency ecosystem....
Recently the Bitcoin (BTCUSD) has really been able to appreciate by almost more than the 73% this year and it was able to actually recently crossed the $1 trillion mark in the market capitalization.....
More importantly is that many mainstream companies such as the Tesla, Inc. and the Square, Inc. (SQ), and many more institutional investors are beginning to gravitate toward the cryptocurrency, and they are actually making use of it as a hedging tool which is against macroeconomic instability.....
Coinbase is also considered to be the North America's biggest cryptocurrency exchange based on trading volume,it also actually have a balance sheet which is really able to reflect the recent volatility in the crypto markets......
Recently coinbase earned a net income of more than $300 million on their revenues of up to $1.14 billion in 2020,.. which is actually a great and significant improvement from its 2019 performance of about $30 million in losses on an actual evenue of $483 million....
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