Coinbase, which postponed its public listing last month, announced that the new date for it is on April 14th. That is when the San Francisco-registered exchange will be listed on Nasdaq under the ticker symbol COIN, as it has been approved by SEC.
Coinbase also announced that they intend to egister nearly 115 million shares of Class A common stock.
This listing is considered to be a turning point for the crypto industry, having recently gained additional momentum from the immense Bitcoin rally and the very visible interest in it expressed by various institutional investors, which, up until this point, had ignored the aforementioned industry due to cryptocurrency volatility and the risks associated with it.
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Coinbase may be the first to have a public listing, but I have little doubt other exchanges will follow suit.