Goldman Sachs to lead major cryptocurrency exchange "Coinbase" IPO

By: Felix Henry

December 19, 2020 12:10 PM

Goldman Sachs is leading Coinbase's upcoming initial public offering, per a report by Business insiders.

On Thursday, Coinbase via a blog announced that it had filed preliminary documents with the U.S. Securities and Exchange Commission in preparation for a public offering.

Goldman has been active in the cryptocurrency industry from early on, including investments in Circle, Bitgo and other leading companies.

As reported by coinnewsafrica Goldman Sachs earlier this week, published a memo to clients saying that bitcoin poses no serious threat to gold's status as a last-resort monetary commodity, highlighting that both of them could coexist.