Coinbase Opens Opens Into the USA Stock Exchange

The cryptocurrency platform Coinbase opens into the US stock exchange. Coinbase Inc. stated that it plans to open into the stock market in the USA at the end of this year or at the beginning of 2021. Explaining that it has plans to go public in the stock market this year, Coinbase Inc. aims to be the first major US cryptocurrency exchange-traded on the Stock Exchange. In the news compiled by Reuters based on sources, Coinbase, which plans to be listed at the end of this year or at the beginning of 2021, needs the US Securities and Exchange Commission (SEC) to give the green light. Noting that the aforementioned plans may change, sources stated that the company had meetings with investment banks and law companies. However, Coinbase has not yet applied to the SEC for these plans. Coinbase Inc. spokesperson said that the company did not talk about rumors or speculations. SEC refused to comment on the issue. The SEC has not yet released a specific guideline for most virtual currencies, despite statements that some cryptocurrencies may be valued and regulated as securities. Speaking to Reuters, one of the sources said that Coinbase was worth more than $ 8 billion in the last private fundraising round in 2018. It is noted that Coinbase is looking for ways to go public with direct listing instead of the traditional initial IPO.