Valuation of $28 Billion? Coinbase Rushes to IPO, 2020 Belongs to Institutions

On December 18, as Bitcoin broke its historical high for the first time in three years, Coinbase Global officially announced it had submitted its IPO application (Form S-1) to the US Securities and Exchange Commission (SEC), formally testing the capital market. According to the specific process, the registration statement draft of Form S-1 will become effective after the SEC completes its review process. Once approved, Coinbase will initiate its initial public offering (IPO) and formally land on the capital market.