Wednesday, 17 Mar 2021 11:06 PM MYT
In a regulatory filing, Coinbase said its shares in the private market traded at a weighted average price of US$343.58 apiece in the first quarter of 2021 through March 15, up from US$28.83 per share in the third quarter ended September 30. The latest filing from Coinbase also signals heightened confidence that the listing will be approved by regulators.
Coinbase did not indicate in the latest filing if it had received approval from regulators that would allow it to trade cryptocurrencies that have been classified as securities in the United States.San Francisco-based Coinbase’s potential listing also comes at a time when the value of bitcoin continues to surge, it hit a record high of US$61,781.83 on Saturday.
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