• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Coinbase Amasses Green Signal From SEC For Direct Listing
Coinbase

Coinbase Amasses Green Signal From SEC For Direct Listing

April 2, 2021 by Sahana Kiran

Cryptocurrencies have been garnering a lot of attention across the globe. Exchanges like Coinbase, Binance, Bitfinex, and several others have been trying to keep up with the ongoing demand in the existing market.

Amidst this increase in the demand for crypto, prominent San Francisco-based exchange, Coinbase revealed that it was going public with a direct listing. More recently, the exchange announced that it had managed to secure permission from the Securities and Exchange Commission [SEC] of the United States and is all set to make a debut on the Nasdaq Global Select Market in the coming week.

Coinbase was subject to a lot of commotion following the constant glitches in its platform, particularly during peak volatility periods. Despite this, the platform took a plunge into going public. While the platform initially revealed that it would go public with an initial public offering [IPO], it then decided to do a direct listing.

Coinbase Scheduled To Go Public On April 14

In a recent blog post, the cryptocurrency exchange revealed that the SEC had given the platform an all-clear for the registration statement on Form S-1 with regard to its direct listing. The platform is all set to start trading its Class A common stock under the ticker symbol “COIN” on the  Nasdaq Global Select Market. Users would be able to do so starting from 14 April 2021.

The announcement read,

“Coinbase Global, Inc., today announced that its registration statement on Form S-1, as filed with the Securities and Exchange Commission (the “SEC”), relating to a proposed public direct listing of its Class A common stock was declared effective by the SEC on April 1, 2021.”

Additionally, a couple of weeks ago, the exchange went on to publish its financial results for 2020. While this was mandatory following the S-1 regulatory filing required to go public, it was revealed that the platform had bagged profits of over $322 million last year.

Filed Under: News, Altcoin News Tagged With: Coinbase, SEC

Primary Sidebar

Recent Posts

  • Uniswap [UNI] Garners Maximum Gains While Bears Haunt The Crypto Market April 23, 2021
  • Is Ethereum a Better Asset Allocation for Performance Right Now? April 22, 2021
  • Turkish Crypto Exchange Users Succumb to Losses After CEO Absconds April 22, 2021
  • Tron [TRX] Bulls Stagnate Near $0.12 After Remarkable Comeback April 22, 2021
  • Bitcoin To Encounter “Major Correction” Warns Guggenheim’s Scott Minerd April 22, 2021


Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2021 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.