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Coinbase Delays Highly Anticipated Direct Listing to April

Cryptocurrency exchange Coinbase’s highly anticipated public shares offering has been shifted to April after its plan for a March listing “slipped,” according to a Bloomberg report citing people familiar with the matter.

No reason was given for the delay, but Bloomberg noted the U.S. Securities and Exchange Commission (SEC) has been reviewing the San Francisco-based exchange’s plan for a direct listing.

Coinbase formally announced in January its plans to go public on the Nasdaq and this past week registered for as many as 114.9 million shares to be traded.

Coinbase Class A shares will make their debut on the Nasdaq Global Select Market under the ticker “COIN.”