Coinbase has begun plans to float on the stock market according to Reuters.
In Brief:
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It could happen this year or early next year.
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It will be the first major US crypto exchange to go public.
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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.
