An Industry Milestone: Coinbase Kicks Off Preparations For A Stock Market Listing As Early As This Year

An Industry Milestone: Coinbase Kicks Off Preparations For A Stock Market Listing As Early As This Year
фото показано с : zycrypto.com

2020-7-9 20:34

Coinbase, the largest US cryptocurrency exchange, has already started plans for a listing in the United States stock market. The exchange intends to get listed later this year or early 2021, sources familiar with the matter have revealed to Reuters. If and when Coinbase is awarded the listing, the event will mark a grand achievement not only for the exchange but for the crypto industry as a whole.

Preparations For A Listing Are Underway

Coinbase is already in the process of preparing for a listing on the stock market, although it is yet to get approval from the US Securities and Commodities Commission (SEC). Per the Reuters report, the exchange has not yet filed an official request of going public with the SEC. However, it has been in serious talks to hire investment banks and law firms.

Another source told Reuters that Coinbase is looking to going down the route of a direct listing instead of a normal initial public offering (IPO). With a direct listing, the firm in question will not be selling new shares as opposed to in an IPO. Additionally, with a direct listing, Coinbase’s existing investors will not be subjected to a lock-up duration on when they can sell their shares after the company goes public.

Notably, Coinbase declined to comment on the matter.

Worth mentioning that the exchange is now valued at $8 billion after its latest funding round two years ago. It has expanded significantly since then following the listing of new crypto assets and also offering custody services to funds like Grayscale Investments. Moreover, Coinbase announced on July 8 the appointment of former Facebook Deputy General Counsel Paul Grewal to serve as the exchange’s Chief Legal Officer. 

A Watershed Moment For The Crypto Industry

While Coinbase being listed on the US stock market is still in its infant stages, it could potentially be a historic moment for a cryptocurrency exchange to be listed on the traditional market. It would essentially lay the groundwork for crypto to enter the mainstream.

In addition, it could open up crypto to regulatory clarity — a hurdle that has long held back the asset class from garnering legitimacy from the general public.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

listing year exchange market early stock coinbase

Источник: zycrypto.com

listing year → Результатов: 90


Binance DEX Adds BNB/BUSD Trading Pair, Burns $36.7 million worth of Binance Coin

The decentralized exchange rolled on by crypto exchange giant Binance earlier this year is now offering it's clients a new service to purchase and sell Binance’s new USD-pegged stablecoin with BNB. On Oct 17, on its official Twitter platform, Binance DEX announced a new listing on its platform, BNB/BUSD Trading Pair. the pairing means that […]

2019-10-18 00:06


Why Ethereum Doesn’t Have the Monopoly on Leading #DeFi Projects

2019 is the year of decentralized finance. The #DeFi movement was still in its fledgling stage at the end of 2018, but in the wake of the recent resurgence in the crypto markets, it’s taken off. In March, ConsenSys published a blog post listing – believe it or not – over a hundred DeFi projects, […] The post Why Ethereum Doesn’t Have the Monopoly on Leading #DeFi Projects appeared first on ZyCrypto.

2019-7-5 16:17


Фото:

Cboe Will Not Relist Bitcoin Futures Contracts for March

The Chicago Board Options Exchange (Cboe) announced that it will not list upcoming Cboe Bitcoin (“XBT”) futures contracts for trading in March 2019. The Cboe Futures Exchange said that the company is “assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading,” stating that it has no intention to list additional contracts for trading relating to the cryptocurrency.

2019-3-16 01:00


Crypto VC Suggests Bitcoin Cash and Litecoin Could Be Ruined Thanks To Bitmain Layoffs

Bitmain, the Chinese mining hardware manufacturer who recently applied for listing on the Hong Kong Stock Exchange, has laid off around half of their employees, the company confirmed in a statement: “There has been some adjustment to our staff this year as we continue to build a long-term, sustainable and scalable business.

2018-12-28 00:05


Coinbase Announces Possible 31 New Tokens For Listing, But Elicits Varied Response From Community

Coinbase announced earlier in the year that their exchange would end up listing many new cryptocurrencies for a greater range of investment opportunities of users. However, unlike previous announcements, the potential for 31 new assets resulted in disappointment and speculation, though there were still consumers that were optimistic. Much like any decision for almost any […]

2018-12-17 08:01


дальше еще 41 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

MrBeast faces allegations of crypto insider trading

MrBeast allegedly made $23 million from insider trading in crypto projects. He reportedly used 50 wallets to promote and dump tokens, misleading investors. Evidence includes a publicly shared Ethereum address linked to $13 million in trades.

Bitrue gets Virtual Asset Service Provider approval in Lithuania

Bitrue has received VASP approval in Lithuania to offer crypto exchange services. The company aims for EU expansion by pursuing the Markets in Crypto-Assets license. Lithuania plans regulatory changes to reduce the presence of crypto firms in the country.

Bitpanda eyeing a potential initial public offering (IPO)

Bitpanda is considering a potential IPO in Frankfurt, backed by Peter Thiel. The company reported €100 million in Q1 2024 revenue, rebounding from previous losses. Discussions are ongoing, with a possible timeline for the IPO set for 2025.