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Coinbase is a secure platform that makes it easy to buy, sell and store cryptocurrency such as Bitcoin, Ethereum and others.
Coinbase was founded in 2012 by former Airbnb engineer Brian Armstrong and ex-Goldman Sachs trader Fred Ersam. Armstrong is the 2278th richest person in the world with a fortune of $1 billion, according to Forbes Real-Time, a real-time updated ranking.
Cryptocurrency exchange Coinbase has filed a confidential IPO application with the U.S. Securities and Exchange Commission (SEC). Coinbase announced this in its blog. The company did not provide data on the volume or planned date of the initial public offering.
San Francisco-based Coinbase is the largest cryptocurrency exchange in the U.S. by trading volume and one of the largest such exchanges worldwide, The Wall Street Journal noted. On its website, Coinbase writes that its site is used by more than 35 million users in more than 100 countries and its assets are valued at more than $25 billion. In 2018, the exchange was valued at more than $8 billion after a $300 million investment round led by the Tiger Global Management fund, Bloomberg points out.
Coinbase announced the filing the day after bitcoin surpassed $23,000 for the first time ever. The WSJ emphasizes that Coinbase was created by a group of enthusiasts associated with the cryptocurrency. The newspaper calls one of the goals of this exchange the desire to make bitcoin accessible to those who are not involved in programming. The platform provides a simple interface and asset storage services. The latter is especially important because bitcoin investors often lose the “keys” to the digital wallets in which they are stored, the newspaper stresses.
In addition, the announcement Coinbase made at the end of the year, which was marked by a record amount of funds raised through public offerings in the U.S. markets, notes Bloomberg. New public companies attracted more than $175 billion, the agency estimated.
IIA+ analysts are constantly searching for offers on the OTC market, analyzing the financial statements, a description of the company's business, future plans, the possibility of a takeover or multiple capitalization growth, as well as the risks that may hinder the development of the business. The best offers we offer our investors
As part of its OTC stock purchase service, IIA+ acquires units of funds holding shares in private companies for its traders and investors. Such funds invest in private companies at an early stage or purchase shares from company employees.
After the IPO procedure, the shares are at the disposal of IIA+. They can be sold after the agreed lock-up period of six months. Or hedged during this period. Before the IPO, IIA+ looks for an exit on the over-the-counter market. When an optimal offer appears, the shares are sold
After the expiration of the Lock Up period, the investment is automatically closed and the investor receives a profit to the account, minus IIA+ commissions. For investors whose investment amount exceeds $100,000, there is an opportunity for individual search of counterparty in the over-the-counter market and profit before the company's IPO and, as a consequence, before the end of the Lock Up period.
