Cryptocurrency exchange, Coinbase made news throughout the year. The exchange invaded the headlines for all the wrong reasons. The Brian Armstrong lead exchange suffered an array of outrages, especially while Bitcoin was recording a surge. This time, however, the exchange made headlines following a series of developments it was engaging in. Starting from news pertaining to the Rosetta developer’s grants to its recent activity in the IPO section.
Coinbase’s Ties With Goldman Sachs
Almost all the platforms in the crypto universe have been bolstering the mainstream adoption of crypto. Coinbase seems to be jumping on to the bandwagon. The exchange recently revealed that it had urged the prominent investment banking company, Goldman Sachs to spearhead its imminent IPO aka initial public offering. The San Fransisco based exchange’s connection with the banking giant goes way back as the co-founder of Coinbase, Fred Ehrsam was reportedly a part of Goldman Sachs from 2010 to 2012.
This news comes out a day after the exchange revealed its intentions of going public. A draft registration addressed to the SEC had shed light on the exchange’s latest move. While the exchange was valued at around $8 billion back in 2018, a recent report from Messari, a crypto analytics platform, suggested that it could be worth $28 billion post its offering.
Coinbase Commerce’s Latest Addition
In a recent tweet, the exchange pointed out that its subsidiary, Coinbase Commerce had incorporated an invoicing feature into its system. Making it available for over 8,000 merchants, sending an invoice got a lot easier. The tweet read,
“Invoicing on Coinbase Commerce is now available. Merchants can easily create and send crypto invoices that customers can view and pay online. We’re building simple crypto payment tools to help merchants achieve their business goals. Learn more here: http://commerce.coinbase.com”
While several lauded the exchange for its developments, a few others infiltrated the comment section with issues pertaining to the cryptocurrency exchange’s website. Several members of the crypto community suggested that San Fransisco based exchange was trying to become more like a bank as opposed to a cryptocurrency exchange.