Coinbase Expects Direct Listing on Nasdaq on April 14

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The U.S. cryptocurrency exchange Coinbase has announced its anticipated direct listing on the Nasdaq Global Select Market within the next two weeks.

According to a company blog post published today, the U.S. Securities and Exchange Commission (SEC) declared Coinbase’s Form S-1 registration statement effective. The exchange’s Class A common stock is expected to begin trading under the ticker symbol “COIN” on April 14.

Key Details of Coinbase’s Direct Listing

Originally targeting a March debut, Coinbase delayed its plans after resolving a $6.5 million settlement with the U.S. Commodity Futures Trading Commission (CFTC).

Background and Market Position

Coinbase, founded in 2012, is one of the largest U.S.-based cryptocurrency exchanges, with its Coinbase Pro platform handling over $3 billion daily in trading volume. The company submitted its IPO draft registration to the SEC in December 2020 but later opted for a direct listing—bypassing traditional underwriting—to go public in early 2021.

Industry Context

While Coinbase prepares for its landmark listing, competitors like Kraken have hinted at similar moves but remain unconfirmed. Notably, Kraken has emphasized plans for a direct listing rather than merging with a SPAC (Special Purpose Acquisition Company).

FAQs About Coinbase’s Direct Listing

Q: What is a direct listing?
A: Unlike a traditional IPO, a direct listing allows companies to sell shares directly to the public without intermediaries, often reducing fees and lock-up periods.

Q: How does Coinbase’s valuation compare to other crypto firms?
A: At a projected $100 billion, Coinbase’s valuation surpasses most crypto-native companies, reflecting its dominant market share and revenue streams.

Q: Can retail investors buy COIN shares on April 14?
A: Yes, shares will be available to the public via Nasdaq, though volatility is common in direct listing debuts.

👉 Explore how Coinbase’s listing could reshape crypto markets

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