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Coinbase plans an IPO for later this year, or early 2021: Report

US cryptocurrency exchange Coinbase has plans to go to IPO as early as this year, Reuters reported. Coinbase could pursue the listing — which will need approval from the US Securities and Exchange Commission — later this year or early 2021. Founded in 2012, Coinbase has over 35 million users trading Bitcoin, Ethereum, and XRP, among others. Why this matters: Cryptocurrencies are still considered experimental, volatile investments, and are surrounded in most countries by regulatory uncertainty or gaps. If this IPO goes through, it will give mainstream reassurance in the industry. It will be the first cryptocurrency exchange to go public. Valuation: Coinbase is reportedly valued over at $8 billion, per Reuters. It has raised more than $540 million in funding till date, as per Crunchbase. What stage is this at? The company has not yet registered its intention to…

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