Coinbase scheduled its first-ever investor day on August 14. It is rumored that the largest American cryptomen exchange is considering listing public shares. However, it is not clear whether the event is related to this.

It will not be a traditional day for investors, but rather an opportunity to hear a look at the economy in the crypto world and learn more about the role of Coinbase in the ecosystem. The Company will invite investors to its Investors' Day, where they will speak publicly about the Company and its financial results.

Reuters reported early Thursday that Coinbase was looking for legal teams before requesting a public offering from the Securities and Exchange Commission (SEC) before listing directly. In a direct listing, shareholders in the private market are able to sell their shares, even though the company itself does not issue new shares or raise additional money. This investor day may be a harbinger of planned direct registration.

Coinbase decentralization and direct dimensioning

Direct listing allows existing shareholders, such as venture capitalists, to trade their shares on the public market without the company itself selling any new shares. Silicon Valley, darlings of Slack and Spotify, have previously followed this path, minimizing the use of traditional Wall Street intermediaries.

However, such a path does not preclude a later public offer. In fact, it may end up being more successful.

If additional financing is needed in the future, the company now has access to public capital markets as an experienced issuer, which is one of the main advantages.

Direct listing would now make sense for Coinbase, as many people in the crypt expect a growing trend for the entire market in the near future.

Newer companies such as Compound and Cyber ​​are using innovative methods to extend ownership of their platforms to users. Direct listing would be the most cost-effective way to give Coinbase users access to a company's stock while still maintaining its legal structure.

Since its inception in 2012, Coinbase has raised a total of $ 547 million, according to Crunchbase. In October 2018, Coinbase was valued at $ 8 billion. The San Francisco-based company boasts more than 35 million users. If listed, it would be the first American crypto company to become a public company.