Digital exchange Coinbase takes a step toward going public
Digital currency exchange Coinbase is looking to become a publicly traded company, a move being hailed by some as a start to helping cryptocurrency gain more mainstream acceptance. (AP Photo/Kin Cheung, File)Coinbase has filed papers with U.S. regulators to become a publicly traded company as digital currencies continue to march toward mainstream acceptance. The digital currency exchange is seeking a direct listing, which would allow company insiders and early investors to convert their stakes in Coinbase into publicly traded stock. In a Thursday filing with the Securities and Exchange Commission, Coinbase also revealed how interest in digital currency is gaining steam on the exchange. But volatility currently makes the use of digital currency for the exchange for goods and services untenable.