Submitted by Market Crumbs

As has been widely expected, Coinbase announced yesterday it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission to go public.

Choosing to go public through a direct listing as opposed to a traditional IPO, Coinbase revealed in the filing that total revenue surged to $1.2 billion in 2020 from $533 million in 2019. Coinbase also shared that as of the end of last year the platform had 43 million verified users, $456 billion in lifetime trading volume and $90 billion in assets.