[Blockchain Today Reporter Jieun Lee] The US cryptocurrency exchange Coinbase announced that it will directly list its stock within two weeks.
According to Cointelegraph reports on the 1st (local time), Coinbase has published an S-1 registration certificate for public offering of cryptocurrency exchanges on a blog by Coinbase and the Securities and Exchange Commission (SEC). Coinbase Class A common stock is expected to be traded on April 14 with a ticker of’COIN’ in the NASDAQ Global Select market in the US on the 14th.
This cryptocurrency exchange was initially scheduled to be released in March, but it is reportedly postponed after a settlement of $6.5 million was awarded to the Commodity Futures Trading Commission (CFTC).
Coinbase sent a draft public offering registration to the SEC in December, but the cryptocurrency exchange said it plans to promote direct registration through Nasdaq in early 2021. The company, known to have sold up to $375 per share at private auctions last month, could be valued at $100 billion at the time of its initial public offering.
One of the largest U.S. cryptocurrency exchanges, first launched in 2012, according to CoinMarketCap, Coinbase Pro processes more than $3 billion in daily transactions. Kraken, a cryptocurrency exchange based in California, has not yet affirmed that it will publicize the stock following Coinbase’s takeover, but it is known that it will be through direct registration rather than a special purpose takeover company.
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