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Bitcoin exchange Coinbase goes black on the Nasdaq

Coinbase. (Photo: Primakov / Shutterstock)


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The largest US trading platform for cryptocurrencies like Bitcoin, Coinbase, plans to list its shares on the New York tech exchange Nasdaq.

The San Francisco-based company Coinbase applied for the initial listing on Thursday with the US Securities and Exchange Commission and also disclosed its latest business figures in the securities prospectus. Accordingly, sales in 2020 reached around $ 1.3 billion, more than twice as much as in the previous year.

The Californian company also made it into the black, bottom line it made a profit of 322 million dollars, after a loss of 30 million in the previous year. Coinbase claims to have 43 million users, of whom 2.8 million perform transactions at least once a month. The shares are to be listed on the Nasdaq under the ticker symbol “COIN”.

The application has been running for a long time

Coinbase had already applied for a so-called direct placement with the SEC in January. The papers are brought directly to the stock exchange without the accompaniment of investment banks and a prior pricing process. Other larger companies such as the music service Spotify or the office chat app Slack have previously been successful with this rather unusual, but cheaper variant.

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Coinbase has set the course for the first premiere of a large US Bitcoin exchange on the public capital market. However, it is still unclear when exactly this will happen. According to the tech blog “Techcrunch”, the company, which was founded in 2012, was valued at around eight billion dollars in a financing round by investors a good two years ago. The course of the largest and oldest cryptocurrency Bitcoin has recently soared. dpa

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