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Coinbase announced Thursday that it has confidentially filed a draft registration statement with the SEC, teeing it up for an IPO likely in early 2021.
The startup could end up being the first crypto exchange to list publicly, a milestone for the crypto industry. Coinbase was last valued at over $8 billion by investors in 2018.
Biz Carson ( @bizcarson) is a San Francisco-based reporter at Protocol, covering Silicon Valley with a focus on startups and venture capital. Previously, she reported for Forbes and was co-editor of Forbes Next Billion-Dollar Startups list. Before that, she worked for Business Insider, Gigaom, and Wired and started her career as a newspaper designer for Gannett.
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