Coinbase pegs valuation at $68bn ahead of landmark listing

Coinbase Global, the biggest US cryptocurrency exchange, says recent private market transactions value the firm at around $68bn.

Coinbase Global Inc, the largest United States cryptocurrency exchange, said on Wednesday that recent private market transactions had valued the company at around $68bn this year ahead of a planned stock market listing. The eye-popping valuation underscores how the perceived value of Coinbase has rallied in lockstep with the surge in the price of Bitcoin.