After the consent of the Securities and Exchange Commission, Coinbase, US’ largest crypto-currency bill announced a date for its highly expected direct listing (SEC).
On Thursday (1 April 2021), Coinbase published a blog post which showed that in less than two weeks from today the direct list of his common stock in class A would take place live on the Nasdaq Globally Selected market. Trading would begin on April 14, under the ticker symbol “COIN,” according to crypto exchange giant.
Once the US SEC approved the Company’s direct listing proposal, Coinbase announced yesterday.
- The crypto-exchange company wanted to be public in March before the current development. The company decided, however, to move this date to April 2021 as reported by CryptoPotato.
- The delay came shortly after Coinbase decided to pay the Commodity Futures Trading Commission a 6.5 million dollar fine (CFTC). For three years, the CFTC has accused the exchange of illegal washing practices.
- As of today, Coinbase would be the first Nasdaq crypto-exchange, an essential milestone for the crypto-monetary industry as a whole, to be announced.
- Initially, Coinbase revealed plans for a public offering in December 2020. (IPO). But the gigantic cryptographer from the US changed direction and declared that a direct list would take place.
The company, meanwhile, gave a warning stating:
“This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.”