Bitcoin Exchange Coinbase goes public. What does this mean for BTC / USD?

It is official. Bitcoin exchange Coinbase is going to become a public-traded firm.

The US Securities and Exchange Commission (SEC) released Coinbase’s S-1 filing on Thursday, signaling that it has approved the cryptocurrency trading company’s request to list its shares on Nasdaq seven-month after its initial filing. That made it the first exclusive crypto exchange to have achieved the mettle.

The rumors of Coinbase exploring a public listing opportunity emerged last summer. The company confirmed the news in December 2020, revealing that it had filed an S-1 application with the SEC. Last month, Coinbase announced that it was going to list its Class A shares directly.

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