general_info_on Coinbase

Who is Coinbase?

The digital currency exchange, Coinbase, is a company founded in 2012 by Brian Armstrong and Fred Ehrsam, and it’s based in San Francisco, California.

Coinbase IPO statistics

Coinbase announced its plans to go public via a direct listing, a strategy that Slack, Spotify, and Roblox also used to sell shares directly to the public without an intermediary. While the company hasn’t yet provided an official date for its public debut, nor set a price for its shares yet, Coinbase pre-IPO contracts are currently trading around $285 on the cryptocurrency derivatives exchange. 

What is Coinbase valuation?

Coinbase has raised a total of $547.3M in funding over 11 rounds and has a pre-IPO valuation of $69.47 billion.

Basic info about Coinbase

• Its founders are a former Airbnb engineer, and a former Goldman Sachs trader
• Coinbase has two core products: A Global Digital Asset Exchange (GDAX) for trading a variety of digital assets on its professional asset trading platform, and a user-facing retail broker of Bitcoin, Bitcoin Cash, Ether, Ethereum Classic, and Litecoin for fiat currency.
• Amongst the company’s investors we can mention the venture capital firms Union Square Ventures, Andreessen Horowitz, Union Square Ventures (USV), and Ribbit Capital.

Sources: forbes.com, finance.yahoo.com, sec.gov