The future of Coinbase, including any IPO, is likely to be a bellwether for the crypto industry as a whole. While the industry has grown enormously—the value of Bitcoin in circulation is now worth over $200b—and made inroads into traditional finance, crypto has not entirely shaken its outlaw reputation.
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Coinbase shuffles board ahead of rumored IPO, Marc Andreessen joins as observer
A source close to the company speculated that Coinbase could wait until mid-2021 to announce an IPO, in part because the company is exploring the use of blockchain-based tokens as part of the offering, and that it’s awaiting regulatory approval to do so. Coinbase declined to comment on the speculation.
