According to one of the world’s largest Bitcoin exchanges, Coinbase Global Inc. has obtained the approval of the U.S. Securities and Exchange Commission (SEC) to publicly issue shares on the Nasdaq stock market index through direct listing. Reuters. It is expected to start trading on April 14th, the stock code is “COIN”
Coinbase’s entry into the public market is a pivotal move in the Bitcoin industry. As one of the oldest Bitcoin exchanges in the United States, Coinbase was launched in June 2012, has 43 million verified users worldwide, and has $90 billion in assets under custody on the platform. Coinbase̵
Coinbase’s trading code on FTX is “CBSE”, and the current market value of the pre-IPO contract is 116.75 billion U.S. dollars. This highlights investors’ very optimistic mood and high expectations for Coinbase. In terms of background, Goldman Sachs is the backbone of the legacy financial system, and at the time of writing, its market value reached $112.35 billion.
Industry experts expect Coinbase to become the first domino, and many other industry leaders will follow soon thereafter.