Digital exchange Coinbase takes a step toward going public

Coinbase has filed papers with U.S. regulators to become a publicly traded company as digital currencies continue to march toward mainstream acceptance.

The digital currency exchange is seeking a direct listing, which would allow company insiders and early investors to convert their stakes in Coinbase into publicly traded stock.

In a Thursday filing with the Securities and Exchange Commission, Coinbase also revealed how interest in digital currency is gaining steam on the exchange.

Revenue more than doubled to $1.14 billion in 2020 and the company swung to a profit of $322.3 million after losing tens of millions the previous year.

There were 43 million verified Coinbase users in 2020,

→ Continue reading at The Spokesman-Review

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