The largest US trading platform for cryptocurrencies analyzed risks for the market before going public.
The cryptocurrency trading platform Coinbase presented the necessary documents on Thursday in the course of its IPO. These also contain possible risks for the company, as Business Insider reports.
According to Coinbase, one such is that the true identity of the Bitcoin inventor could be known with the pseudonym Satoshi Nakamoto. This would destabilize the market and cause Bitcoin to decline in value. The documents also refer to Nakamoto's personal supply of bitcoins, which amounts to over a million. Should those get into circulation, this would have massive effects on the value of the cryptocurrency.
Coinbase also warns that exposing Nakamoto's confidence in the independence of Bitcoin could suffer.
Worth 100 billion
Coinbase is currently valued at over $ 100 billion. The platform's success is also heavily related to the rise of Bitcoin. The portal is now the largest of its kind in the USA.
Nakamoto is responsible for creating the Bitcoin whitepaper, in which he describes the decentralized currency system and how it works. Since the rise of Bitcoin, there has been much speculation as to who might be behind the pseudonym. However, his identity has not yet been clarified.
