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HomeBitcoin NewsMajor Bitcoin Exchange Coinbase Prepares For Stock Market Listing - Report

Major Bitcoin Exchange Coinbase Prepares For Stock Market Listing – Report

US-based major crypto exchange Coinbase could list its shares on a stock exchange this year or early next year, Reuters reported, citing “three people familiar with the matter.”

The company has already been in talks to hire investment banks and law firms, the report said, adding that Coinbase is exploring going public via a direct listing. In this case, a company does not sell new shares as it does in an Initial Public Offering (IPO). Also, existing investors are not bound by lock-up restrictions on when they can divest their holdings following the market debut.

The listing would need the US Securities and Exchange Commission‘s blessing, Reuters said, adding that “it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.”

According to Reuters, Coinbase and the SEC declined to comment.

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