CNBC Africa: Coinbase is preparing for IPO

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Yesterday, a presenter of the Crypto Trader on CNBC Africa Ran Neuner stated that Coinbase will announce IPO today, 26 October.

Also Ran in his Twitter has published statistics of crypto currency exchange, according to which the number of users of Coinbase reaches 25 million, 600 000 of which are actively traded on the platform, Coinbase profit for the last quarter amounted to $ 90 million, with 80% of profits are generated by standard users, with only 15% – institutional investors, the origin of another 5% was not disclosed.

CNBC Cryptotrader exposes details of the Coinbase IPO raise tomorrow on a Cryptotrader exclusive. pic.twitter.com/YG4UOP3ju8

— Ran NeuNer (@cryptomanran) October 25, 2018

President cryptocurrency exchanges hinted at an IPO in the end of last year:

“That’s definitely in the interests of our investors… It’s the most obvious way for Coinbase to hold an IPO at some point, but now we are separated from this point very much”

In the beginning of the month edition Recode said that Coinbase talks with Tiger Global and its shareholders to attract $ 500 million investment. Also this week it became known that the division of the stock exchange has received permission to operate in new York as a trust company, offering services of the custodian in possession of such crypto currencies as bitcoin, litecoin, Ethereum, Ethereum classic, ripple and bitcoin cash.

Also this fall, the platform Commission-free trading digital currencies Robinhood declared intention to spend primary public offering of shares, and the company Bitmain, the world’s largest manufacturer of mining equipment, has filed an application to hold an IPO on the Hong Kong stock exchange.

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