All the ways the Coinbase stock listing may disrupt the crypto market

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After an extended period of speculation as to when Coinbase would finally go live with its public stock listing, the United States-based cryptocurrency exchange released a blog post earlier this month stating that it had registered with the U.S. Securities and Exchange Commission to hold a direct listing on Nasdaq on April 14.

In this regard, Coinbase’s Class A common stock is expected to trade on the Nasdaq Global Select Market under the ticker symbol “COIN.” The cryptocurrency exchange had previously set its eyes on a March listing, however, after signing a settlement deal with the U.S. Commodities and Futures Trading Commission worth $6.5 million last month — regarding the alleged improper reporting of exchange volume and “self-trading” — the exchange had to delay its plans.

Coinbase executives had submitted a registration draft with the SEC all the way back in December 2020. However, due to certain issues, the exchange announced that it would be pursuing a direct listing through Nasdaq in early 2021. It was estimated that Coinbase will be valued at around $100 billion at the time of its listing.

Will Coinbase’s listing leave an indelible mark on the crypto market?

Since its launch nearly a decade ago in 2012, Coinbase has transformed into one of the largest cryptocurrency exchange platforms in the world, with Coinbase Pro itself handling more than $3 billion in daily transaction volume.

Alex Mashinsky, CEO and founder of cryptocurrency yield earning platform Celcius, believes that the Coinbase listing can be…

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