News from the world of NFTs are brought to you by QORPO Market.

Register now to win NFTs

Coinbase has finally set a date for one of the most anticipated events in the cryptocurrency ecosystem. Its direct listing and the disclosure of financial results for the first quarter of 2021. Coinbase anticipates that its Class A common stock will begin trading on the Nasdaq Global Select Market. It will trade under the ticker symbol “COIN” on the 14th April 2021.

About Coinbase

Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. The mission of Coinbase is to create an open financial system for the world. The aim is also to be the leading global brand for helping people convert digital currency into and out of their local currency.

Coinbase was founded in 2012 and is a fully regulated and licensed cryptocurrency exchange supporting all U.S. states except Hawaii. Coinbase initially only allowed for Bitcoin trading but quickly began adding cryptocurrencies that fit its decentralized criteria.

Announcement date

Coinbase Global, Inc., announced that its registration statement on Form S-1 relating to a proposed public direct listing of its Class A common stock was declared effective by the SEC on 1st April 2021. Coinbase expects that its Class A common stock will begin trading on the Nasdaq Global Select Market under the ticker symbol “COIN” on 14th April 2021.

The registration statement relating to these securities has been filed with and declared effective by the SEC. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities. There will also not be a sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of any such state or jurisdiction.

Market Reactions

That Coinbase will release new numbers before beginning to trade is at once interesting and pedestrian. Coinbase deciding to share first quarter 2021 estimated results and provide a financial outlook for 2021 is also in part a common move, as many companies provide updated financials in their S-1 documents if time passes from when they first file to when they actually trade.

The company will trade under the ticker symbol “COIN.” The analysts are arguing how the IPO will effect the demand for the Bitcoin. Some are saying it it will absorb some of the demand of conservative investors that do not want to have direct exposure to Bitcoin.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.