Cryptocurrency exchange Coinbase has filed a draft registration document with the Securities and Exchange Commission over a public listing.
Coinbase’s submission comes as bitcoin hits a record high amid surging interest from institutional investors.
Founded in 2012, Coinbase has more than 35 million users in more than 100 countries.
The price of a single bitcoin currently stands at $23,000, driving a wave of investment in cryptocurrency markets. The excitement in the markets has led to heightened speculation over bitcoin’s likely trajectory.