Cryptocurrency trading Coinbase has confidently filed to take it public, the company said in a blog post Thursday. Founded in 2012, Coinbase submitted a draft registration statement, or S-1, with the Securities and Exchange Commission, for public release. Coinbase has been at the forefront of offering a place for retail investors in the U.S. to buy and sell bitcoin and other digital assets. The news comes as CEO Brian Armstrong announced plans to add Kelly Kramer, a Silicon Valley chief executive, to its board of directors, following a long tenure at Cisco Systems Inc. CSCO,
Board member Marc Andreessen, co-founder and operating partner of Andreessen Horowitz, one of the world’s leading venture capitalists. Reuters in July announced that they have begun the process of examining a so-called direct listing. According to some estimates, Coinbase has a valuation of more than $ 8 billion, as have recent valuations. However, its secret filing also comes as the platform has seen a number of technical wisdoms in recent weeks as interest in bitcoins and other digital assets has skyrocketed. BTCUSD Bitcoin Price,
on Thursday hit an intraday record high above $ 23,000, coming about three years after its last high of nearly $ 20,000 in December of 2017.