Coinbase is getting ready to “moon.”
According to Reuters, the San Francisco-based cryptocurrency exchange is secretly preparing to go public, possibly as early as this year. This would mark the first time a U.S. exchange of this size and importance has done so, and suggests that Coinbase believes the good times are back.
The exchange, which was valued at $8 billion in 2018, provides a government-friendly way for people to buy, sell, and HODL (i.e., not sell, spend, or trade) cryptocurrencies like bitcoin, bitcoin cash, and ethereum. Offering a mobile app, and a debit card that works with Apple Pay, the exchange has positioned itself as the go-to spot for people looking to get into the often confusing and scam-filled world of cryptocurrency.
We reached out to Coinbase in an attempt to confirm Reuters’ report, but received