Crypto platform Coinbase starts preparations for stock listing

Cryptocurrency platform Coinbase began preparations for stock listings, which may be listed as early as this year. If successful, it will become the first large-scale cryptocurrency exchange listed in the United States. Listing requires the approval of the US Securities and Exchange Commission (SEC). If the securities regulator gives it a green light, it will be a landmark victory for the cryptocurrency advocates fighting for their support. Although the SEC stated that some cryptocurrencies may be considered securities and subject to regulation, it has not issued specific guidance on the vast majority of cryptocurrencies. Many cryptocurrencies have been working hard to win the recognition of the investment community and the general public because they are wary of the speculative nature of cryptocurrencies and the possibility of money laundering. According to sources, Coinbase’s valuation after the last round of financing in 2018 exceeded US$8 billion.

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