Crypto unicorn Coinbase files to go public on Nasdaq
Cryptocurrency exchange Coinbase recently announced to have filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to a proposed public direct listing of its Class A common stock. Coinbase intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “COIN”.
Coinbase is a decentralised company that powers the crypto-economy. Coinbase’s mission is to create an open financial system for the world. According to a blog post by the company, “it will achieve this by creating a more fair, accessible, efficient, and transparent financial system for the internet age that leverages the power of digital assets built using blockchain technology.”
This listing will also set a crucial milestone for Indian cryptocurrency players. The Indian cryptocurrency startups are currently actively working against the likely ban. Only a week back, crypto entrepreneurs announced the formation of an industry association that will lobby with the government to stave off such a ban.