Coinbase to be Directly Listed on NASDAQ on April 14, Following SEC’s Approval

It’s been over two months since the US-based cryptocurrency exchange, Coinbase, unveiled its intent to become the first major direct crypto exchange to be listed on the Nasdaq stock exchange market.

The planned event saw anticipations springing forth among the public as the initial date that was set to happen in March was reportedly pushed back to April.

Meanwhile, it appears that the wait is almost over as Coinbase announced in a recent blog post that its registration statement filed with SEC has finally been declared effective.

Moreso, it announced that the anticipated listing date of its Class A Common Stock on the Nasdaq Global Select Market has been confirmed for April 14, 2021.

The tweeted announcement reads;

“We’re happy to announce that earlier today, the SEC declared our S-1 registration statement effective and that we expect our direct listing to occur on April 14, 2021, with our Class A common stock trading on the @NASDAQ under the ticker symbol COIN.”

The proposed listing has been under review by the SEC, thus suggested to be the reason for the delay.  

Therefore, Coinbase’s Class A common stock will begin trading on NASDAQ, an American multinational financial services corporation, on April 14 with the ticker symbol “COIN”.

A Big Win For The Crypto Ecosystem

As planned by Coinbase, the direct listing will be the first major listing to take place on Nasdaq Inc.

The event is undeniably a big win for the crypto ecosystem as it suggests irrefutable progress for cryptocurrencies to reach wide adoption all around the globe.