Coinbase’s announcement comes at a time when both the cryptomote and IPO markets are on the rise.

The largest Bitcoin brokerage house in the United States has finally entered the process to go public with the company. The company said on Thursday it filed a confidential case for an IPO with the Securities and Exchange Commission (SEC).

„Coinbase Global, Inc. today confidentially filed a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC). The Form S-1 is expected to become effective after the SEC concludes its review process, subject to market and other conditions.

The cryptomaniac giant was created in 2012 for the simple purpose of users to purchase Bitcoin.

It is not clear how long the review process will take, but Coinbase will likely become a publicly traded company next year.

The company has already been valued at $8 billion, this could probably be the largest Initial Public Offering in the cryptomotic market.

Coinbase’s announcement comes at a time when both the cryptomote and IPO markets are on the rise. The digital currency has surpassed $20,000 for the first time in history and is now traded in the $23,500 range.

In recent weeks, the rental company Airbnb has gone public and skyrocketed on its first day of trading, generating new interest in technology related companies.

Since November Bitcoin is rapidly increasing in value, surpassing a series of records. So, for market enthusiasts, the Coinbase IPO is another important milestone in the market.

It is not clear, however, whether the SEC will approve the request. If the agency refuses, Coinbase’s alternative would be to seek a direct listing in which it will sell shares directly to the public, the same model used by Spotify and Slack.