Breaking News: Coinbase stock ticker symbol is "COIN", valued at $100 billion on the FTX market.

The exchange Coinbase has just released a filed registration statement for its stock market listing, stating that it plans to go public on the Nasdaq Global Select Market under the ticker symbol "COIN."

The cryptocurrency exchange Coinbase has just announced the filing of a registration statement for a proposed public direct listing. The company plans to list on the Nasdaq Global Select Market under the ticker symbol "COIN."

In early February, according to sources familiar with the matter cited by The Block, Coinbase has decided to pursue a direct listing on Nasdaq instead of the New York Stock Exchange. NYSE has recently handled direct listings for popular startups like Spotify (NYSE: SPOT) and Slack (NYSE: WORK).

Prior to this, following a record trading volume on January 12, 2021, media outlet The Block's research director Larry Cermak estimated Coinbase's valuation at $100 billion. On February 17, reports indicated that Coinbase's private market valuation had reached $77 billion.

Currently, on the Coinbase Pre-IPO market on FTX exchange, the price has reached 420, translating to a market valuation of $112.5 billion.

For more details, please refer to the report: "Coinbase Goes Public: A Milestone in Crypto! Summarizing SEC Filing Details"