All the ways the Coinbase stock listing may disrupt the crypto market
Cointelegraph
Published Apr 13, 2021 09:57AM ET
Updated Apr 13, 2021 12:20PM ET
After an extended period of speculation as to when Coinbase would finally go live with its public stock listing, the United States-based cryptocurrency exchange released a blog post earlier this month stating that it had registered with the U.S. Securities and Exchange Commission to hold a direct listing on Nasdaq on April 14.
In this regard, Coinbase’s Class A common stock is expected to trade on the Nasdaq Global Select Market under the ticker symbol “COIN.” The cryptocurrency exchange had previously set its eyes on a March listing, however, after signing a settlement deal with the U.S. Commodities and Futures Trading Commission worth $6.5 million last month — regarding the alleged improper reporting of exchange volume and “self-trading” — the exchange had to delay its plans.
h3 Will Coinbase’s listing leave an indelible mark on the crypto market?/h3 h3 What comes next?/h3 h3 More exchanges to follow? Most likely/h3Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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