Markets
Share this article

Coinbase Taps Nasdaq for Direct Listing: Report

The crypto exchange will reportedly join Nasdaq's tech-heavy lineup.

By Danny Nelson
Updated Sep 14, 2021, 11:04 a.m. Published Feb 1, 2021, 8:09 p.m.
Nasdaq

Crypto firm Coinbase has tapped Nasdaq for its highly anticipated direct listing, according to The Block.

  • Coinbase will become one of the few cryptocurrency exchange companies on tech-heavy Nasdaq when it lists, though the timeline is still unclear.
  • Existing Coinbase investors have already been trading shares through Nasdaq's Private Market platform, where the company has notched an implied valuation of $50 billion, according to The Block.

CoinbaseNasdaq

More For You

XRP leads majors with 8% weekly outperformance, what next after breakout

By Shaurya Malwa
1 hour ago
(CoinDesk Data)

Token edges ahead of bitcoin and ether over seven days, though thinning participation keeps the move in consolidation territory.

What to know:

  • XRP has gained about 8 percent over the past week and 3 percent on the day, outperforming bitcoin and ether in a controlled advance rather than a sharp spike.
  • Traders are watching the $1.44 resistance and $1.40 support levels as XRP tests a major structural zone and trades above its...
Read full story