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Coinbase cryptocurrency exchange files for IPO

As the price of Bitcoin continues to make consecutive historical highs the famous American company Coinbase is preparing for it’s IPO. Coinbase valuation has been skyrocketed to $77B according to trades on the Nasdaq Private Market. In the third week, the price has reached $303 per share, 50% higher than the first-week price of $200. Just to remind you that the market capitalization of ICE is around 63 billion.

Coinbase Global, Inc. announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”). The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.

Coinbase is how the world uses crypto

In 2012, Coinbase had the radical idea that anyone — anywhere — should be able to easily and securely access Bitcoin. We see cryptocurrency as the future of money and a catalyst for creating an open financial system around the world.

Today, more than 35 million people in over 100 countries trust Coinbase to buy, sell, store, use and earn cryptocurrency.

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