Crypto exchange Conbase will begin trading on April 14 after regulatory clearance from the Securities and Exchange Commission, according to CNBC. The company plans to register nearly 115 million shares of Class A common stock, which will trade under ticker COIN on Nasdaq.
The SEC’s approval marks a milestone for cryptocurrencies, with top banks also embracing the digital tokens.
Bitcoin has surged about 800% in the past year which has helped Coinbase soar in value as a proxy for the broader crypto-economy.
Coinbase listed potential price declines of bitcoin as one of its risk factors in its prospectors.
The crypto exchange claims to have more than 43 million users trading digital assets in more than 100 countries.
Last month, Coinbase reached an implied $68 billion private market valuation, based on average share price of $343.58.
Coinbase will be Nasdaq’s first major direct listing once it goes public on the exchangeBitcoin is currently gaining. BTCUSD is up 1.31%
