- Coinbase expects to trade its Class A common stock on the global Nasdaq market on April 14.
One of the world’s most popular crypto exchanges, Coinbase, has announced the successful registration of the company on the Nasdaq Global Select Market.
Coinbase informed about it through its blog where it writes that the Securities and Exchange Commission has already approved their registration regarding the direct listing of its Class A common stock on the Nasdaq market.
With this move, Coinbase will become one of the first large crypto companies to be traded on the second largest stock exchange by market capitalization of shares traded.
But why is this inclusion of Coinbase on the Nasdaq market evidence of cryptocurrencies maturity?
The Nasdaq Stock Market has three different market tiers: a Capital Market, Global Market and Global Select Market.
In this context, the Global Select Market is the largest market that must meet the strictest financial and liquidity requirements. This market is also described as exclusive and therefore the inclusion of the crypto company Coinbase is undoubtedly proof that cryptocurrencies are already gaining full attention and seriousness.
As for the latest known numbers, Coinbase has been valued at just over $ 100 billion in a recent private market share sale. Trading on the Nasdaq Global Select Market under the ticker symbol “COIN” should begin on April 14, 2021.
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