Crypto exchange Coinbase announced the ‘effectiveness of registration statement’ of its Form S-1, which was earlier filed with the United States Securities and Exchange Commission (SEC). The form in question relates to the exchange’s proposal for a public direct listing of its Class A common stock.
According to the Coinbase team, the “anticipated listing date” of its Class A Common Stock has been “declared effective” by SEC on 1 April. Thus, the federal authority has approved the listing of its Class A Common Stock on the Nasdaq Global Select Market.
The stock will begin trading on Nasdaq under the ticker symbol “COIN” on 14 April, the company wrote in a blog.
The announcement further read and carried the disclaimer that stated:
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, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The news spells a landmark achievement for the crypto ecosystem on the whole, which would probably mean yet another endorsement of Bitcoin and other digital assets as a mainstay in the world of finance.