Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Malam90 on January 29, 2021, 01:35:05 AM
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Coinbase announced last month it had confidentially submitted a draft registration statement with the SEC.
Leading cryptocurrency exchange Coinbase Global said it intends to become a publicly traded company pursuant to a proposed direct listing of its Class A common stock.
On Dec. 17, 2020, Coinbase announced it had confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission.
The S-1 is not yet publicly available. The firm's announcement Thursday included no details as to when the stock would be listed or under which ticker.
Coinbase recently announced it had $90 billion in assets on platform at the close of 2020 and 43 million registered users.
By comparison, there are roughly 13 million users on Robinhood, the fintech app embroiled in controversy after abruptly halting trading of GameStop (GME) and other meme stocks. News source (https://www.coindesk.com/coinbase-announces-proposed-direct-listing)
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I don’t think Coinbase is important to the cryptocurrency community. Just so much more important for the transaction. Coinbase plays a much larger role in various currency transactions around the world. I think there should be some updates for trading here. However, he is skeptical about whether it will be possible to trade all coins in coinbase in future plans. However, Coinbase is one of the cryptocurrency exchanges.
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I like Coinbase exchange because I can send and receive coins without any difficulties, and I can also use Coinbase to pay for products including mobile top-up on Bitrefill. But I also hate Coinbase because I can only transfer coins to other exchanges/wallets but I can not trade any coins! It is very bad because Coinbase it's an exchange but I use it as a wallet.