Rakuten Securities to Offer Coinbase Shares Trading to Clients

Fazzaco learned that Rakuten Securities, one of the largest Forex brokers in Japan, has confirmed that it will offer Coinbase shares trading to its clients once Coinbase stock gets listed. 

The Japanese Forex broker states that it may not be possible to accept orders for newly listed stocks in the US market immediately after they are released locally.

Let's recall that in late January, Coinbase Global, Inc. announced that it intends to go public using a direct listing rather than the traditional initial public offering (IPO). In February, Coinbase confirmed that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed public direct listing of its Class A common stock. Coinbase intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "COIN".

In April, Coinbase announced that it anticipates the trading of its Class A common stock will begin on 14 April.

​In addition to Rakuten, spread betting and CFDs provider IG Group will also offer Coinbase shares trading to its clients​ once Coinbase stock gets listed.