Coinbase, the biggest U.S. crypto exchange, has announced its decision to become a publicly-traded company in an official blog post today.
What Happened: Coinbase intends to go public through a “proposed direct listing of its Class A common stock,” the company said in the statement.
The company declined to comment on its decision.
The exchange said in December that it had filed an S-1 form with the Security and Exchange Commission.
Last week, Coinbase announced to its shareholders that it would be launching a secondary market for its private stock on Nasdaq Private Market, a crypto publication the Block has reported.
The company will be the first major crypto exchange to go public.
Image: Coinbase
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