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Coinbase valuation pegged at $68 billion ahead of landmark US listing

Coinbase, the largest US cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around $68 billion this year ahead of a planned stock market listing

Topics
cryptocurrency | IPO | US

Reuters 

By Noor Zainab Hussain and Joshua Franklin (Reuters) - Coinbase Global Inc, the largest U.S. cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around $68 billion this year ahead of a planned stock market listing. The eye-popping valuation underscores how the perceived value of Coinbase has rallied in lock-step with the surge in the price of cryptocurrency bitcoin. In a regulatory filing, Coinbase said its stock in the private market traded at a weighted average price of $343.58 in the first quarter of 2021 through March 15. ...

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First Published: Thu, March 18 2021. 10:01 IST
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