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Coinbase Files to Go Public

By
Martin Peers
· · Source: The Information

Coinbase filed to go public via a direct listing of its shares, revealing that its revenue more than doubled to $1.277 billion in 2020, translating to a profit of $322 million compared with a loss of $30 million in 2019. The company finished December with cash of $1.06 billion. CEO Brian Armstrong warned, however, that Coinbase’s financial performance would be volatile “given the price cycles...

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