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Coinbase Exploring Stock Market Listing, Reuters Reports
The crypto exchange is said to be planning a direct listing rather than an initial public offering, sources speaking to Reuters said.
One of the world's largest cryptocurrency exchanges is said to be preparing to list on the U.S. stock market sometime in early 2021.
STORY CONTINUES BELOW
- Sources speaking to Reuters said Coinbase had already begun the process for a listing; it isn't clear on which exchange venue this would take place.
- Rather than an initial public offering, it's said the firm would prefer to go down the route of a direct listing on an exchange.
- The Securities and Exchange Commission would have to approve Coinbase's listing application.
- Should it be approved, Coinbase would be the first crypto exchange to go public in the U.S.
- The company was valued at $8 billion at its last funding round in 2018.
- Coinbase declined to comment.
See also: Coinbase Lists Compound’s COMP Token for Retail Crypto Traders
Paddy Baker
Paddy Baker is a London-based cryptocurrency reporter. He was previously senior journalist at Crypto Briefing. Paddy holds positions in BTC and ETH, as well as smaller amounts of LTC, ZIL, NEO, BNB and BSV.
