A Bitcoin course graph is shown on the Coinbase cryptocurrency exchange application on February 12, 2018.
Chesnot | Getty Images
Digital currency exchange Coinbase is going public as renewed investor interest in cryptocurrencies has pushed bitcoin to an all-time high.
On Thursday the company announced that it has confidently submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission. The form is expected to be completed after the SEC completes its review process.
California-based Coinbase, founded in 2012, has become a place to buy and sell cryptocurrencies, and the company has grown to become the largest digital currency exchange in the U.S.
The company’s filing comes on the heels of a rise in the price of bitcoin. On Thursday the largest cryptocurrency rallied more than 12% to the top of $ 23,000 for the first time on record, according to crypto market data provider Coin Metrics. The move came just one day after the cryptocurrency topped the $ 20,000 mark for the first time.
By Thursday’s jump, bitcoin is now up more than 200% for the year. Bitcoin has attracted a lot of attention from investors recently, and Paul Tudor Jones and Stanley Druckenmiller are among those who came out in favor of the cryptocurrency. Big finance companies like PayPal and Fidelity have also made moves in the space.
Subscribe to CNBC PRO for unique insights and analysis, and live business day programs from around the world.