Coinbase's 2020 Financials and IPO plans

Coinbase recently released their 2020 financials and the results were eye opening. Their 2020 revenue came in at $1.2 billion, with profits of $322 million. It was well known that Coinbase had confidentially filed with the SEC for an IPO. On February 25th they publicly announced their intention to get listed directly on NASDAQ with a valuation of around $100 billion and shares priced around $370. Their ticker symbol will be "COIN".

At the end of 2020 Coinbase was holding around $90 billion in investments with over 43 million verified users, 2.8 million of which made at least monthly transactions. Coinbase has done a good job of investing in security, although some customers claim their customer support is lacking. Coinbase offers a variety of cryptocurrencies to customers and has different flavors of tools available including Coinbase, Coinbase Pro, Coinbase Prime and Coinbase Wallet.