In the past day, the value of Bitcoin set a new high and the digital currency exchange Coinbase, the most valuable American crypto company, announced that it had filed for an I.P.O. Cryptocurrencies like Bitcoin are borderless, decentralized assets championed in particular by libertarians, anarchists and others who reject centralized control and regulation. Coinbase is in the business of popularizing these rebel currencies via an app that makes it easy for anyone to trade crypto like they would stocks or bonds. Last valued at $8 billion in a funding round in 2018, Coinbase is surely worth more now, thanks to the surge in crypto prices and the frenzy for tech stocks. company, told DealBook.

Source: New York Times December 18, 2020 12:11 UTC