$ 100 billion market value of a cryptocurrency company

Coinbase, the largest exchange for digital currencies and Bitcoin, recorded a market value of about $ 100 billion, in the list of the stock market.

The share price in the company after its first offering reached $ 381.

The new evaluation put the company at the forefront of well-known international companies, including in front of a number of international oil companies such as the “BP” company.

The company has grown in value more than tenfold since 2018, when investors estimated it was worth $ 8 billion.

Founded in 2012, the company had more than 56 million users in more than 100 countries and had about $ 223 billion in user assets at the end of March.

Last year, the company had $ 1.3 billion in revenue, more than double its 2019 revenue. Profits were $ 322 million, compared to a loss of more than $ 30 million in 2019.

Brian Armstrong, CEO of the company, owns 21 percent of its shares, and his name will be included in the list of the world’s richest people, according to what was reported by the BBC.