The US-based crypto exchange has officially announced its plan to go public via direct listing, according to a blog post published by Coinbase on Thursday.

 

 

Coinbase goes public

The following statements were made in the official statement made by the company:

“Coinbase Global, Inc. today announced its intention to become a public company as per the proposed direct listing of Class A common stocks. Such proposed listing is expected to comply with a registration statement on Form S-1 with the Securities and Exchange Commission (SEC). ”

Coinbase announced in December that it filed a confidential S-1 application with the US Securities and Exchange Commission. “Form S-1 is expected to enter into force, depending on the market and other conditions, after completing the SEC’s review process,” the company said in its today’s statement. said.

 

First cryptocurrency company to be traded on a major US stock exchange

Coinbase told its shareholders it will launch a secondary market for private equities in the Nasdaq Private Market.

If the famous exchange manages to move forward with this direct listing process, it will be the first major cryptocurrency company to trade on a major US stock exchange. Coinbase’s decision to go public was welcomed with great enthusiasm these days, when the prices of the crypto market are rising and the flow of institutional and retail investors is intense.

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