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Coinbase Chooses Nasdaq Over NYSE for Direct Listing

Coinbase Chooses Nasdaq Over NYSE for Direct Listing
  • Coinbase has chosen Nasdaq Private Market network for its direct listing.
  • Nasdaq private market launched a secondary market for Coinbase platform.

According to a report, San Francisco-based crypto exchange Coinbase has conclusively selected to list its shares via Nasdaq. In fact, Nasdaq has already launched a secondary marketplace purposely for Coinbase stock last January 25.

These shares on the said market were matched at $200 each. As there are 254 million shares outstanding, Coinbase may have a valuation of at least $50 billion.

Additionally, this secondary market will possibly enable shareholders to trade their shares on the platform seamlessly. Best of all, the secondary market will also pave the way for Coinbase employees to trade their shares effortlessly.

Interestingly, Coinbase chose to list its shares on Nasdaq instead of the New York Stock Exchange (NYSE). Previously, NYSE invested in Coinbase’s $75 million funding round way back in 2015.

Moreover, Coinbase remarked that shareholders will be receiving an email mainly from the Nasdaq Private Market. In other words, this email will provide shareholders the ability to know their shares eligibility for trading, and how the market will function. Also, the mail has detailed features and options on how individuals can access the market without hassle.

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.