Coinbase will be publicly traded on April 14
Coinbase, one of the largest cryptocurrency exchanges in the world, will go public and will have their shares traded on the Stock Exchange on April 14. The company announced on Thursday (01) that its application for registration with the Securities and Exchange Commission (SEC) has been approved and that it will list its shares under the ticker “COIN” on the Nasdaq Global Select Market.
Coinbase will be publicly traded on April 14 (Image: Coinbase)
The arrival of Coinbase in the stock market will be an important milestone for the entire crypto industry and will act as a Wall Street acceptance gauge in the face of a company that deals with cycles of volatility.
The company also revealed that it will share the financial results for the first quarter of 2021 on April 6. It is a move for potential investors to be able to stipulate the value of the shares. It will also be the first time that Coinbase publicly releases data for a specific quarter.
In addition, Coinbase recently released its 2020 financial results, a mandatory part of the regulatory process for going public. Last year, the company made a profit of $322 million and revealed revenue of more than $1.2 billion.
This first quarter of 2021 is expected to be the best in the history of the exchange, considering the great cryptocurrency boom in this year.