Coinbase has begun plans to float on the stock market according to Reuters.
It could happen this year or early next year.
It will be the first major US crypto exchange to go public.
It has been in talks to hire investment banks and law firms according to sources.
What does this mean?
Floating Coinbase Inc on the stock market would be a good indicator that cryptocurrency is becoming more and more mainstream. The SEC has yet to issue specific guidelines on most types of cryptocurrency.