Coinbase Taps Nasdaq for Direct Listing: Report
The crypto exchange will reportedly join Nasdaq's tech-heavy lineup.
Feb 1, 2021 at 8:09 p.m. UTCUpdated Aug 19, 2021 at 6:59 a.m. UTC
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Crypto firm Coinbase has tapped Nasdaq for its highly anticipated direct listing, according to The Block.
- Coinbase will become one of the few cryptocurrency exchange companies on tech-heavy Nasdaq when it lists, though the timeline is still unclear.
- Existing Coinbase investors have already been trading shares through Nasdaq's Private Market platform, where the company has notched an implied valuation of $50 billion, according to The Block.
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