Cypto Exchange Coinbase to Go Public on 14 April

Coinbase, a digital currency wallet and platform where merchants and consumers can transact with new digital currencies, announced that it anticipates the trading of its Class A common stock will begin on 14 April.

According to Coinbase’s official announcement, 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.

“A copy of the prospectus related to the registration statement may be obtained by visiting EDGAR on the SEC website or via the investor relations page on Coinbase’s website at investor.coinbase.com under the ‘SEC Filings’ section,” the US-based digital exchange stated in the announcement.

In February, Fazzaco has reported on Coinbase’s adding Bitcoin and other cryptocurrencies​ into its balance sheet as early as 2012.

"Since our founding in 2012, Coinbase has held bitcoin and other crypto assets on our balance sheet, and we plan to maintain an investment in crypto assets as we believe strongly in the long-term potential of the crypto economy," wrote Brett Tejpaul, Coinbase's Head of Institutional Sales, Trading, Custody, and Prime Brokerage.