After Coinbase delayed its direct listing from March to April, it gave the exact date it will go public: April 14, 2021.
Coinbase goes public
Coinbase, the largest cryptocurrency exchange in the US, announced a date for the expected direct listing following the approval of the US Securities and Exchange Commission (SEC).
In a blog post published on Thursday, April 1, 2021, Coinbase announced that a direct listing of Class A simple stocks will be posted on the Nasdaq Global Select Market less than two weeks from today. According to the cryptocurrency exchange giant, trading will begin on April 14 under the “COIN” abbreviation.
Coinbase announced yesterday the date after the US SEC approved the company’s direct listing offer.
Before the current development, the cryptocurrency exchange firm wanted to go public in March. However, as reported by CryptoPotato, the company decided to move the date to April 2021.
The delay came shortly after Coinbase agreed to pay a $ 6.5 million penalty to the Commodity Futures Trading Commission (CFTC).
With the previously announced date, Coinbase could be the first crypto exchange listed on Nasdaq, which will be a major milestone for the entire cryptocurrency industry.
Coinbase initially announced plans to go public with an initial public offering (IPO) in December 2020. However, the US-based cryptocurrency exchange giant changed direction by stating that it will go for a direct listing.