Coinbase Postponed Going Public On Nasdaq

Coinbase, one of the cryptocurrency exchanges, announced that it has delated going public on Nasdaq until April.

Coinbase, one of the leading cryptocurrency exchanges, has postponed going public on Nasdaq. According to the news compiled by Bloomberg based on close sources, the direct listing event on Nasdaq planned by the US-based stock exchange in late March will be in April. What caused the delay is not yet known. In addition, it was learned yesterday that CFTC fined Coinbase 6.5 million dollars. In the direct listing method, which is the opposite of traditional public offering, only existing shares can be offered for sale and companies cannot obtain capital by launching new shares. Previously, big companies like Spotify and Slack started to be listed using this method. In February, Coinbase submitted an S-1 form to the Securities and Exchange Commission to the SEC to go public with direct listing on Nasdaq. The document in question is prepared to register the stocks of companies planning to go public with the US Securities and Exchange Commission (SEC). The stock exchange aims to sell approximately 115 million shares in the public market.

Kraken also prepares to go public

Another cryptocurrency exchange, Kraken, is also considering going public. Kraken, one of the largest crypto exchanges, aims to go public next year. eToro also recently announced that it will be listed through the SPAC agreement.     Source: Uzmancoin.com