Coinbase announces that the major US cryptocurrency exchange will be listed on the Nasdaq exchange within two weeks. The U.S. Securities and Exchange Commission (SEC) approved Coinbase’s (S-1) filing yesterday night:
Coinbase will be listed on the Nasdaq Global Select Market on April 14 under the “COIN” ticker. It is the first US crypto exchange to be listed on a regular exchange.
The stock is expected to be worth $ 300 to $ 375, for a total valuation towards $ 100 billion. According to CNBC, that would mean CEO Brian Armstrong’s stock will be worth a whopping $ 13.6 billion. He will then be on the list of “family jardairs” along with figures such as Jeff Bezos from Amazon, Elon Musk from Tesla, Bill Gates from Microsoft and Mark Zuckerberg from Facebook.
It was reportedly planned to list Coinbase on Nasdaq as early as March, but the company then received a multi-million dollar fine from the Commodity Futures Trading Commission (CFTC). Coinbase had been guilty of wash trading a few years ago, artificially inflating trading volume.
In related news, Coinbase announces in a press release that it will be holding a call on April 6 regarding its first quarter 2021 results and expectations for the coming year. Recently, the crypto exchange published another article about anonymous bitcoin (BTC) creator Satoshi Nakamoto and why he will likely remain anonymous: