Bitcoin: Coinbase prepares its IPO amid “crypteuphoria”

Posted on 23 Dec. 2020 at 11:41Updated 23 Dec. 2020 at 14:45

Aim for 25,000 or even 30,000 dollars? After a record 24,273 dollars (19,895 euros), bitcoin continues to ignore the laws of gravity. Euphoria in the crypto market is fueling higher volumes – an activity record was set on December 17 – and profits for the bitcoin exchanges. For the first time, one of them wants to be listed on Wall Street.

Coinbase, the largest US crypto trading platform and the second in the world behind Binance, has confirmed that it is considering an IPO. She initiated the procedures with the regulator of the American markets, the Securities and Exchange Commission (SEC). Its leader Brian Armstrong is an Airbnb alumnus. Will Coinbase’s IPO be as successful as that of the leader in peer-to-peer rental? If successful, other crypto platforms could follow the same path.

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