Cryptocurrency exchange Coinbase on Thursday filed to go public via a $1 billion direct listing.
Why it matters: This comes in the midst of a crypto boom, and the listing may further legitimize the industry.
Financials: Coinbase reports $322 million of profits on $1.28 billion in revenue for 2020, compared to a $30 million net loss on $534 million in revenue for 2019. It also says it has $90 billion of assets on its platform.
User stats: The company claims 2.8 million monthly transacting users, and a total of 43 million verified users.
Go deeper: Coinbase valued above $100 billion