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Coinbase said to have delayed public listing after CFTC fine

Coinbase said to have delayed public listing after CFTC fine


Seeking Alpha
2021-03-20 13:41:44
Coinbase said to have delayed public listing after CFTC fine

Coinbase (COIN) pushed back its direct listing on the Nasdaq by a couple of weeks to April, according to Bloomberg.The delay follows the CFTC's $6.5M fine against the company on wash trading charges and for filing false reports.CFTC: "According to the order, between January 2015 and September 2018, Coinbase recklessly delivered false, misleading, or inaccurate reports concerning transactions in digital assets, including Bitcoin, on the GDAX electronic trading platform it operated."The crypto exchange is also said to be under multiple investigations for potential earlier misconduct.Over the last few days, Coinbase has tried something new with its manner of preparing investors for a public launch of a company. Coinbase hosted a Reddit "Ask Us Anything" forum, instead of an Investor Day or roadshow. "We want a process where all investors, regardless of affiliation or size, have equal access to information and have the opportunity to engage with us," stated Coinbase on

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