Reuters: Coinbase Chooses Goldman Sachs for Its IPO
iHodl.com
Main page News, US Market, US, Banking, Exchange, Cryptocurrency Exchanges

Cryptocurrency exchange Coinbase has picked Goldman Sachs Group Inc for its upcoming initial public offering (IPO), Reuters has learned, citing a person familiar with the matter. It remains unknown whether Coinbase plans to pursue an IPO or a direct listing.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

As iHodl recently reported, the largest cryptocurrency exchange in the US submitted a draft registration statement on Form S-1. The company said the Form S-1 is expected to become effective "after the SEC completes its review process, subject to market and other conditions."

Coinbase CEO Warns Bitcoin Investors Over Short-term Speculations

Earlier in August, Goldman Sachs appointed a new global head of digital assets as part of a new crypto-oriented vision. Mathew McDermott, a managing director who previously was responsible for the bank’s internal funding operations, replaced Justin Schmidt, a former crypto trader and quant who was in charge of Goldman Sachs' digital assets team over the last two years.

The newly-appointed head of digital assets is confident that "in the next five to 10 years," a financial system will be totally based on a blockchain, "with all transactions natively happening on chain."

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close