The firm said in a blog post on Thursday that Coinbase, the largest cryptocurrency exchange in the U.S., has filed its proprietary S-1 form with the SEC to go public. The S-1 is "expected to become effective" after its analysis is completed by the SEC, the company said. Here are a few things about the Coinbase IPO:
//This is not the first time investors have learned about a possible Coinbase IPO. It has been shaking up the C-Suite and making strategic investments over the past couple of months.
//In it, Coinbase merely disclosed that it had confidentially filed a form S-1 with the U.S. Commission on Securities and Trade.
//Coinbase has not shed any light on the direction it would follow to become official.
//A standard IPO is not expected to be embraced by many crypto enthusiasts and proponents of a Coinbase IPO.
//This has generated some rumors that Coinbase, trailing in the footsteps of Spotify and others will prefer a direct listing.
//Co-Founder Fred Ehrsam, however also suggested that the Coinbase IPO could occur through the provision of blockchain digital tokens.
//Investors have been trying to collect more data especially when bitcoin is particularly hot.
//Trading commissions is the main source of Coinbase profits.
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