Coinbase Exploring Stock Market Listing, Reuters Reports

The crypto exchange is said to be planning a direct listing rather than an initial public offering, sources speaking to Reuters said.

AccessTimeIconJul 9, 2020 at 1:59 p.m. UTC
Updated May 9, 2023 at 3:09 a.m. UTC

One of the world's largest cryptocurrency exchanges is said to be preparing to list on the U.S. stock market sometime in early 2021.

  • Sources speaking to Reuters said Coinbase had already begun the process for a listing; it isn't clear on which exchange venue this would take place.
  • Rather than an initial public offering, it's said the firm would prefer to go down the route of a direct listing on an exchange.
  • The Securities and Exchange Commission would have to approve Coinbase's listing application.
  • Should it be approved, Coinbase would be the first crypto exchange to go public in the U.S.
  • The company was valued at $8 billion at its last funding round in 2018.
  • Coinbase declined to comment.
  • U.S. Lawmakers Visit Detained Binance Exec in Nigeria; Winklevoss Twins Donate to Trump Campaign
    01:58
    U.S. Lawmakers Visit Detained Binance Exec in Nigeria; Winklevoss Twins Donate to Trump Campaign
  • Meme Coin Liquidity Hits Record High
    00:46
    Meme Coin Liquidity Hits Record High
  • How Ledger Stax Plans to Make Self-Custody More Mainstream
    16:42
    How Ledger Stax Plans to Make Self-Custody More Mainstream
  • Why Dogecoin Is a 'Weird' Investment
    16:39
    Why Dogecoin Is a 'Weird' Investment
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Read more about