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Coinbase is one of the world's largest platforms for buying and selling digital currencies, founded in 2012 and headquartered in San Francisco.
Coinbase is also one of the most popular wallets for storing digital currencies online, but there seem to be some changes that the platform intends to make, which we will learn about in this post.
Coinbase, which is still behind the Coinbase stage, which is one of the largest stages of digital money exchange based in San Francisco, today announced its arrangements to open up to the world via direct publishing rather than an IPO as it is. It was reported at one time. the previous.
Announcement
The organization, which announced its arrangements to transform into a public organization a month ago, published the news on its authority blog, in which it expressed its accompaniment:
Coinbase Global today announced its expectation to transform into a public commercial entity as per the proposed direct release of a Class A Model stock.
Naturally, the proposed publication is in accordance with the “SEC” Registration Confirmation.
Dynamically, direct publishing is not considered a first sale of shares, as IPO involves creating new offers, and direct publishing is limited to current offers.
In December, QueenBase said it had submitted a draft of its model to the Securities and Exchange Commission.
Massari estimated Coinbase was valued at $ 28 billion at that point.
If the console approves the store, Coinbase will convert to the trading capital of an open digital cash trading market.
Intentionally or not, the ad chimes with chaos in traditional business sectors, as many retail speculators on Reddit continue to steal GameStop's share cost.
Some decipher the conflict as convoluted helping decentralization.
