Other than buying Coinbase stock when it lists, retail parties can trade Coinbase stock price action on FTX, but not if they are in the United States.Crypto exchange Coinbase intends to go public via a direct listing on April 14, based on recent information. This means shares of Coinbase stock will become available for trading on the Nasdaq, bringing another part of the crypto space into mainstream finance.
“An underwriter is any party that evaluates and assumes another party’s risk for a fee,” Investopedia explains, adding:
“The fee paid to an underwriter often takes the form of a commission, premium, spread, or interest. Underwriters play a critical role in many industries in the financial world, including the mortgage industry, insurance industry, equity markets, and some common types of debt security trading.”
Coinbase has already sold some of its shares. In March, it was revealed that private auction sales took place in which the price per share reportedly ranged from $350 to $375. Estimates put Coinbase at a $100 billion valuation. Later in March, it was reported that 114,850,769 Coinbase shares were registered by the company. The shares fall under the Class A common stock categorization.