Coinbase files revised S-1 form, to float about 115 million shares in the market
Crypto exchange Coinbase filed an amended S-1 form early Wednesday, disclosing that it has registered about 115 million shares for its direct listing on Nasdaq.
The revised form doesn’t yet mention a date at which Coinbase’s shares will get listed under the ticker symbol COIN.
Coinbase also highlighted the SEC’s lawsuit against Ripple in the revised form and said such regulatory actions could ultimately impact its operating and financial results.
Coinbase suspended all XRP trading pairs on its platform earlier this year, although the digital asset represented a chunk of its trading volume and revenue.
“For the years ended December 31, 2020 and 2019, XRP represented $17.0 billion and $3.4 billion of Trading Volume and $108.6 million and $27.1 million of total revenue, respectively,” said Coinbase. “Going forward we expect no Trading Volume or total revenue related to XRP trading, and expect a decrease in Assets on Platform attributable to XRP.”
This is a developing story and will be updated…
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Go to Source
Author: Yogita Khatri
