Coinbase, headquartered in San Francisco, will be the first cryptocurrency exchange listed in the United States.
According to Cointelegraph, a cryptocurrency media outlet on the 2nd (local time), Coinbase, a cryptocurrency exchange headquartered in the United States, is expected to be able to list directly within two weeks.
According to an announcement posted on Coinbase’s own blog today, the Securities and Exchange Commission (SEC) of the United States has declared that Coinbase’s S-1 public offering is valid.
Coinbase’s Class A common stock will be traded under the ticker name’COIN’ on the NASDAQ Global Select Market from April 14 (local time).
Coinbase was previously expected to be listed in March, but it is reported that it has delayed its listing plan after paying a fee of 6.5 million dollars to agree with the Community Futures Trading Commission (CFTC).
In early 2021, Coinbase, which announced its plans to promote direct listing through NASDAQ, sent a draft registration draft to the SEC in December of last year. The company is expected to receive a valuation of $100 billion through a public offering, as is known to have sold for $375 at a private auction last month.
Meanwhile, according to CoinMarketCap, a cryptocurrency exchange, Coinbase was first launched in 2012 and is one of the largest cryptocurrency exchanges in the U.S., with Coinbase Pro handling more than $3 billion of transactions every day.
Another California-based cryptocurrency exchange, Kraken, has not confirmed whether it will follow Coinbase’s listing, but suggests that it is possible through direct listing rather than a special-purpose underwriting company.