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  • Coinbase just filed to go public with a direct listing, and these are the most important details we learned about the company from its S-1

Coinbase just filed to go public with a direct listing, and these are the most important details we learned about the company from its S-1

Ben GilbertFeb 26, 2021, 00:51 IST

Coinbase CEO and founder Brian Armstrong.Steven Ferdman/Getty; Skye Gould/Business Insider

  • Coinbase filed to go public on Thursday morning via a direct listing.
  • The company disclosed a number of previously unknown details about its operations.
  • From risks related to the mysterious Satoshi Nakamoto, to huge user numbers, here's what we learned.

Coinbase, the company behind the cryptocurrency trading platform of the same name, is going public via direct listing.

It filed S-1 paperwork on Thursday with the Securities and Exchange Commission, and that paperwork contained a variety of details about the company that were previously unknown.

From information about financials to what the company considers major risks to its future business, here are the most important things we learned:

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1. It's profitable.

R.Tsubin/Getty Images

2. Coinbase has tens of millions of users.

In this photo illustration, Bitcoin course's graph is seen on the Coinbase cryptocurrency exchange application on February 12, 2018 in Paris, France. Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. The company is based in San Francisco, California generated in 2017 a record turnover of one billion dollars (about 810 million euros) with exceptional trading volumes, which made it the most downloaded mobile app on iOS last December. Chesnot/Getty Images
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3. Bitcoin's mysterious creator got several nods in the filing, including as a potential risk factor.

Bitcoin. KTS Design/Science Photo Library/Getty Images

4. A variety of potential risks in the future, from the volatile nature of cryptocurrency to the potential for cyber attacks.

Coinbase Founder and CEO Brian Armstrong on May 15, 2019 in New York City. Steven Ferdman/Getty Images
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5. Here is the founder's letter from CEO Brian Armstrong:

Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman/Getty Images
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