Cryptocurrency exchange Coinbase readies stock market listing: Sources

REUTERS: Coinbase Inc has initiated preparations for a stock market listing that could come as early as this year, making it the first major US cryptocurrency exchange to go public, according to people familiar with the matter.

The listing would need the US Securities and Exchange Commission's blessing. Were the securities watchdog to green light it, it would represent a landmark victory for cryptocurrency advocates vying for its endorsement.While the SEC has said some cryptocurrencies may be considered securities and be subject to regulation, it has yet to issue specific guidance on the vast majority of virtual coins.

Many cryptocurrencies have struggled to win legitimacy with those in the investment community and the general public who are wary of their speculative nature and potential for money laundering. Coinbase, which was valued at more than US$8 billion in its latest private fundraising round in 2018, is exploring going public via a direct listing instead of a traditional initial public offering later this year, one of the sources said.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive: Cryptocurrency exchange Coinbase readies stock market listing - sourcesREUTERS: Coinbase Inc has initiated preparations for a stock market listing that could come as early as this year, making it the first major U.S.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: Cryptocurrency exchange Coinbase readies stock market listing-sourcesCoinbase Inc has initiated preparations for a stock market listing that could come as early as this year, making it the first major U.S.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Interactive Brokers opens Singapore office, offers access to local stocksNASDAQ-LISTED Interactive Brokers Group on Wednesday announced the addition of its Singapore entity, Interactive Brokers Singapore, and the opening of an office in the city-state's Marina Bay financial district. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Ant Group listing would be fillip for Hong Kong's flagging IPO marketAn initial public offering from Alibaba's Ant Group by year-end would give equity capital markets in Hong Kong a timely boost after a new ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

EMERGING MARKETS-Philippines hit by virus spike as China supports Asia stocksREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »

EMERGING MARKETS-Philippines hit by virus spike as China supports Asia stocksREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »