SEC Allows Coinbase to List Shares on Nasdaq, Marking Huge Win for Cryptocurrency SupportersThe listing gives further legitimacy to the use of digital currency among investors.
ByJustin Chan•
The SEC has given the U.S.' largest cyptoexchange, Coinbase Global Inc., the green light to list its shares on Nasdaq, Coinbaseannounced in a blog post yesterday.
The decision marks a huge win for digital currency, as mainstream investors, includingnoted stockbroker Peter Schiff, have expressed doubts about its legitimacy in recent months. In making its announcement, Coinbase said it expects its Class A common stock to begin trading on the Nasdaq Global Select Market on April 14.
Related:Tax Rules for Buying and Selling Bitcoin and Other Crypto
Coinbasefiled for a listing back on Feb. 25“新兴发展中公司”自称,the time. The company was founded in 2012 with the purpose of making Bitcoin trades easier. It has since expanded its offerings to include other cryptocurrencies.
Coinbase joins a list of companies that are buying into the concept of cryptocurrency. Last month, Visa and PayPal both announced thatthey would allow customers to make paymentsusing cryptocurrencies. Tesla also saidit would accept Bitcoin as payment.
