Share this article
Coinbase Picks Goldman Sachs to Lead Upcoming IPO: Report
Coinbase's selection comes per industry sources cited by Business Insider.
By Zack Voell
Updated Sep 14, 2021, 10:45 a.m. Published Dec 18, 2020, 5:12 p.m.
Coinbase has tapped Goldman Sachs to lead its upcoming initial public offering, per a report by Business Insider that cited industry sources published Friday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Coinbase announced Thursday it had filed preliminary documents with the U.S. Securities and Exchange Commission in preparation for a public offering.
- The cryptocurrency exchange picked Goldman despite the fact that some teams at the investment bank have offered less-than-bullish commentary on bitcoin, including a report in May that outlined why bitcoin and other cryptocurrencies are "not an asset class."
- Earlier this week, the firm also published a memo to clients saying that bitcoin poses no serious thread to gold's status as a last-resort monetary commodity.
- Nonetheless, Goldman has been active in the cryptocurrency industry from early on, including investments in Circle, Bitgo and other leading companies.
- Coinbase declined to comment on the report.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
Top Stories
