##Coinbase prepares for its debut in the Stock Market!

 

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The Bitcoin race continues, now well beyond the $ 20,000 mark. But in the year that revived the cryptocurrency sector, Coinbase is also moving: the debut on the stock market is on the horizon.

 The indiscretion leaked from the same company, which announced that it had filed the prospectus relating to its initial public offering (IPO) with the SEC). This is a technical step that actually opens the doors of Wall Street.

There is no doubt, among other things, that Coinbase's move was dictated by the state of health currently enjoyed by virtual currencies. 2020 was a year that broke even the most optimistic expectations, with Bitcoin continuing its astonishing rise above $ 23,000. Unthinkable, just two years ago.

Coinbase prepares the IPO, debut on the stock market close?

Coinbase is a US company that offers users a platform to trade digital assets. Founded in San Francisco by Brian Armstrong and Fred Ehrsman, the company has seen its value grow exponentially in just eight years, mainly thanks to the growing interest that virtual currencies have been able to attract on the markets.

A trend that has certainly had a significant impact on the strategies of Coinbase's upper floors, now engaged in the usual procedure that precedes the baptism on Wall Street. The prospectus delivered to the SEC will allow the latter to verify the consistency of the company business with the stock market regulations.

According to rumors, Coinbase is on the hunt for an 8 billion dollar valuation. Moreover, the current year - in addition to having driven digital assets - also saw IPOs, which in the US financial markets have raised just under 200 billion dollars.

However, there is not only today's bullish trend to support the soundness of Coinbase's plans. Of course, the pace of cryptocurrencies in 2020 has inflamed the markets, with Bitcoin able to break out of $ 20,000 for the first time in history (good news for the others too, from Ethereum to XRP). But looking further ahead, there is no shortage of holds to hope for a long-term rally.

It is no secret that the Federal Reserve will continue to maintain its dovish stance even under the Biden administration. This translates into low interest rates and a cyclical injection of liquidity to boost the economy. And cryptocurrencies will enjoy this accommodative policy, with analysts continuing to chart flattering scenarios for 2021.