Coinbase Holds Off The Launch of Its Direct Listing Until Later This Year
Cryptocurrency change Coinbase’s highly anticipated offering that is public been shifted to April following its policy for a March listing “slipped,” according to a Bloomberg report citing people knowledgeable about the problem.
No reason was presented with for the wait, but Bloomberg noted the U.S. Securities and Exchange Commission (SEC) was reviewing the San Francisco-based change's plan for a list that is direct.
Coinbase formally announced its intends to get public in the Nasdaq in January and also this week that is previous for up to 114.9 million stocks to be traded.
Coinbase Class A stocks will debut on the Nasdaq Global Select Market underneath the ticker "COIN." CoinDesk reached out to Coinbase but failed to get a response by press time.
Yesterday, it was announced Coinbase will probably pay $6.5 million in money with the Commodity Futures Trading Commission (CFTC) over allegations the exchange “self-traded” digital assets between 2015 and 2018.
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