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Biggest US Crypto Exchange Coinbase Announces Decision To Become Public

January 28, 2021 3:56 pm
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Biggest US Crypto Exchange Coinbase Announces Decision To Become Public

Coinbase, the biggest U.S. crypto exchange, has announced its decision to become a publicly-traded company in an official blog post today.

What Happened: Coinbase intends to go public through a “proposed direct listing of its Class A common stock,” the company said in the statement.

The company declined to comment on its decision.

The exchange said in December that it had filed an S-1 form with the Security and Exchange Commission. 

Last week, Coinbase announced to its shareholders that it would be launching a secondary market for its private stock on Nasdaq Private Market, a crypto publication the Block has reported.

The company will be the first major crypto exchange to go public.

Image: Coinbase

 

See Also: 7 Best Cryptocurrency Apps in 2021


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