Coinbase, the largest cryptocurrency exchange platform in the US is set to go public on April 14, valuing the company at US$100 billion.
The company was founded in June 2012 by Brian Armstrong and Fred Ehrsam, and currently has 1249 employees with over US$1.14billion in revenues in 2020.
News of Coinbase going public also caused market frenzy in the cryptocurrency space, driving the value of Bitcoin to an all-time high.
The price of Bitcoin rose to $62,718, over 4% gains in the last 24 hours.
Bitcoin was trading at around US$6,873 at the same time back in 2020, making it a 912% gain within a span of just a year.
Investors believe that cryptocurrencies could gain strong trust around the world after the successful listing of Coinbase.