Coinbase prospectus goes live - earned $322M last year, with 43M customers

Ahead of its public listing, Coinbase (COINB) discloses net income of $322.3M in 2020 vs. a loss of $30.4M a year earlier. Operating income in 2020 of $409M compares to a loss of $45.8M a year earlier. Adjusted EBITDA of $527M vs. $24M.Prospectus is hereTotal 2020 revenue was $1.28B vs. $533.7B in 2019.Verified users in 2020 was 43M vs. 32M in 2019; monthly transacting users of 2.8M vs. 1M.Trading volume in 2020 was $193B vs. $80B a year earlier.Yesterday, the company also disclosed its held bitcoin (BTC-USD) and other crypto assets on its balance sheet since its founding in 2012.Coinbase is aiming to go public via direct listing on the Nasdaq. The valuation looks to be in the area of $100M, though as recently as about a week ago, the private market valuation was reportedly $77B.