Coinbase to Direct List on the Nasdaq on April 14th 

After months of wait and uncertainty, cryptocurrency exchange Coinbase finally received the greenlight from the U.S. Securities and Exchange Commission (SEC) to list its shares on the Nasdaq Composite. Since filing for an IPO last December, the crypto giant has decided to make its trading debut on the stock exchange through a direct listing on April 14th. Regulatory Scrutiny? Just days ago, Coinbase announced that it hired Brett Redfearn, an ex-SEC director, to run its capital markets business. Mr. Redfearn’s hire comes at a time of increased attention from lawmakers. With the exchange going public, its past controversies have also been in full highlight. Last week, the Commodity Futures Trading Commission fined Coinbase $6.5 million, as the exchange was accused by the CFTC of “recklessly deliver[ing] false, misleading, or inaccurate reports concerning transactions in digital assets.” Is Coinbase’s Valuation Justified? The company, via its direct listing, could be valued at…

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