The biggest crypto exchange in the United States, Coinbase, has finally released a date for its sought-after direct listing on Nasdaq. According to the announcement made via a blog post by the firm, it is going to be launching its Class A common stock under the COIN ticker on Nasdaq Global Select Market.
The crypto company was able to make this announcement after its proposal for a direct listing was approved by the Securities and Exchange Commission of the United States. With this, the Brian Armstrong led company is set to be the first crypto exchange to go public, making the firm a record maker for the entire crypto industry.
Coinbase was supposed to go live in March, however, we reported that the firm chose to postpone the listing to this month. This happened immediately after the company agreed to pay a fine of over $6 million to the Commodity Futures Trading Commission (CFTC).
After news broke that Coinbase was going to go public, quite a number of crypto exchanges have also expressed interest in going public. There are indications that Kraken could go public in 2022 as stated by one of our reports. Other exchanges are also beginning to actively make plans towards this development.