One of crypto’s most-anticipated initial public offerings is one step closer.
On Thursday, Coinbase announced that the firm had sent its draft registration for a public offering to the Securities and Exchange Commission. The company wrote that:
“The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions.”
Though the draft is still awaiting review, Coinbase has been eyeing an IPO for some time.
As of publication time, Coinbase had not responded to Cointelegraph’s request for comment.