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Crypto exchange Coinbase hints at potential token issuance in its S-1 filing

From theblockcrypto.com

Crypto exchange unicorn Coinbase's S-1 filing went public as part of its bid for a direct listing on Nasdaq. Included in that document were hints at a possible token issuance in the future. On page 68 of the filing, as part of its risk disclosures, Coinbase said that it may raise additional capital to "support business growth." To that end, the firm could issue new shares or stock that could take the form of a blockchain token that could be tied to "customer reward or loyalty programs." "If we issue additional equity securities, including in the form of blockchain tokens, stockholders will experience dilution, and ... (full story)

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  • Category: Fundamental Analysis