The chart of the Bitcoin course can be seen in the cryptocurrency exchange app Coinbase on February 12, 2018.
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Digital currency exchange Coinbase goes public as renewed investor interest in cryptocurrencies has pushed bitcoin to an all-time high.
On Thursday, the company announced that it has confidentially filed a draft registration statement on Form S-1 with the Securities and Exchange Commission. The form is expected to go into effect after the SEC completes the review process.
Founded in 2012, California-based Coinbase has long been a go-to spot to buy and sell cryptocurrencies, and the company has grown into the largest digital currency exchange in the US.
The company’s filing comes on the heels of a rise in bitcoin’s price. According to crypto market data provider Coin Metrics, the largest cryptocurrency rose by more than 12% to the top of $ 23,000 for the first time ever recorded on Thursday. The move came just a day after the cryptocurrency first hit $ 20,000.
With Thursday’s jump, bitcoin is now up more than 200% for the full year. Bitcoin has been getting a lot of attention from investors lately, and Paul Tudor Jones and Stanley Druckenmiller are among those who have spoken out for the cryptocurrency. Major financial companies such as PayPal and Fidelity have also moved into the space.
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