The US Securities and Exchange Commission (SEC) has given the go-ahead to list its shares on Nasdaq on the largest cyber exchange, Coinbase Global Inc., the company announced in a blog post.
The decision marks a huge victory for the digital currency as major investors, including well-known stockbroker Peter Schiff, have expressed doubts about its legitimacy in recent months. In its announcement, Coinbase announced that its Class A common stock is expected to start trading on the Nasdaq Global Select Market on April 14th.
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Coinbase filed for listing on February 25, calling itself an “emerging growth company” at the time. The company was founded in 2012 with the aim of simplifying Bitcoin operations. Since then, it has expanded its offering to include other cryptocurrencies.
Coinbase joins a list of companies interested in the concept of cryptocurrency. Last month, Visa and PayPal announced that customers could make payments using cryptocurrencies. Tesla also said it would accept Bitcoin as a form of payment.