Crypto exchange Coinbase readies landmark stock market listing, sources say

[Trisky]

Coinbase Inc has started plans for a stock market listing that could come as early as this year, making it the first major U.S. cryptocurrency exchange to go public, according to three people familiar with the matter.

The listing would need the U.S. Securities and Exchange Commission's (SEC) blessing. Were the watchdog to greenlight it, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Coinbase could pursue the listing later this year or early next year, the sources said, cautioning that the plans are still subject to change. The company has not yet registered its intention to go public with the SEC, but has been in talks to hire investment banks and law firms, the sources added.

Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users who trade various virtual coins, including bitcoin, ethereum and XRP.

https://news.yahoo.com/exclusive-cryptocurrency-exchange-coinbase-readies-133036956.html