{"id":37031,"date":"2021-02-25T15:47:32","date_gmt":"2021-02-25T13:47:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=37031"},"modified":"2025-08-29T09:27:01","modified_gmt":"2025-08-29T06:27:01","slug":"sec-approves-coinbases-direct-listing-application","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sec-approves-coinbases-direct-listing-application\/","title":{"rendered":"SEC approves Coinbase’s direct listing application."},"content":{"rendered":"

On Thursday, February 25, the U.S. Securities and Exchange Commission (SEC) approved<\/a> Coinbase’s application for [simple_tooltip content=\u2019the process by which a company goes public, in which no new shares are issued, but existing shares held by shareholders are sold\u2019]direct listing of shares[\/simple_tooltip].<\/p>\n

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Company filed<\/a> an S-1 with the SEC in December 2020. After its approval, the information became public. As the listing venue for its market debut, Coinbase selected Nasdaq<\/a>.<\/p>\n

According to the document, the exchange’s net income for 2020 was $1.1 billion versus $482.9 million in 2019. The platform has about 43 million users, with 2.8 million transactions per month.<\/p>\n

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\"SEC<\/p>\n

Data: Coinbase Form S-1.<\/p>\n<\/div>\n

Trading volume on Coinbase since its founding in 2012 has surpassed $456 billion. The platform holds assets of $90 million. The platform’s operating expenses for 2020 amounted to $868.5 million, compared with $579.5 million a year earlier.<\/p>\n

Analyst The Block’s Larry Cermak noted that the company held $130.1 million in Bitcoin, $23.8 million in Ethereum and $34 million in other assets.<\/p>\n

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\u2022 As of end of 2020, Coinbase had cash and cash equivalents of $1.1 billion
\n\u2022 $48.9 million of USDC
\n\u2022 Held the following crypto: $130.1M of Bitcoin, $23.8M of Ethereum and $34.0M of other<\/p>\n

\u2014 Larry Cermak (@lawmaster) February 25, 2021<\/a><\/p>\n<\/blockquote>\n