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Coinbase Users Exceed 43M, IPO Expected to Reach $28B

Coinbase Users Exceed 43M, IPO Expected to Reach $28B
  • Users on Bitcoin exchange Coinbase, exceeds 43 million in over 100 countries.
  • The assets of the platform reached $90 billion. Thus, showing a string of bullish events that have unleashed a stream of institutional adoption.
  • Analysts predict the value of Coinbase’s IPO to reach $28 billion.

Coinbase users have exceeded 43 million in over 100 countries. Presently, the platform’s assets stand at $90 billion. Meanwhile, analysts predict the value of Coinbase’s IPO to reach $28 billion.

Coinbase Verified Users Exceed 43 Million

Coinbase reports an explosion of incoming capital as it continues to grow. According to its website, the number of verified users has exceeded 43 million. Notably, this milestone is up 8 million from the figure it reported back in 2020. The updated About section also states that the platform is available in over 100 countries worldwide. It employs 1,200+ people in total as well.

Furthermore, the total value of digital assets on the platform has surpassed the $90 billion mark. Thus, this shows a string of bullish events that comes with institutional adoption.

Interestingly, in November, the exchange revealed that its custody service controls digital assets worth $20 billion. Furthermore, $14 billion from the mentioned amount was collected in less than six months.

Analysts Predict Coinbase’s IPO Value to Reach $28 Billion

In mid-December 2020, Coinbase submitted a draft registration confirming rumored plans to go public with an IPO. Messari analysts have estimated the possible capitalization of the company after getting public status at $28 billion.

It is also worth noting that since the start of January, the trading volume of Coinbase exchange has exceeded over $80 billion.

The Block
Source: The Block

Until now, it has raised a total of $525.3 million. Its latest $300 million fundraising round took place in 2018. At this time, it confirmed its status as the largest digital asset provider of its kind after bringing its market value up to $8 billion.

Irina is a language expert that speaks English, Turkish, Uzbek, and Kazakh. She constantly sweeps the Russian-speaking cyberworld for news. She occasionally submits her write-ups to CoinQuora.