Breaking: Crypto Exchange Coinbase Expected to Debut on U.S. Stock Market This Year

Alex Dovbnya

Coinbase is in the process of preparing for a direct listing on the U.S. stock market that will require an SEC approval

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Thu, 9/07/2020 - 13:43

Breaking: Crypto Exchange Coinbase Expected to Debut on U.S. Stock Market This Year

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Coinbase, the largest exchange in the U.S., is set to debut on the U.S. stock market as soon as in 2020, according to a recent Reuters report.

Multiple sources familiar with the matter have confirmed that the Brian Armstrong-led trading platform is in the middle of preparations for its public debut.

The $8 bln crypto behemoth needs to obtain approval from the U.S. Securities and Exchange Commission (SEC) to get listed on the stock market.

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As reported by U.Today, Canaan Creative became the first crypto mining firm to go public in the U.S. back in November 2019.

However, instead of an IPO, Coinbase will reportedly opt for a direct listing, meaning that it will not issue pre-market shares before they start trading.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.