Coinbase will list on Nasdaq under the COIN ticker — the same identifier has already been assigned to the shares of the London-based investment company Coinsilium. CoinDesk.
The company focuses on early investments in blockchain startups. Since 2015, its shares have traded on Britain’s alternative trading system Aquis under the ticker COIN, on the OTCQB and NYSE — under the ticker CINGF.
Malcolm Palle, chairman of Coinsilium, told the publication that the company anticipated scrutiny from Coinbase and Nasdaq.
“Either they didn’t find us, which I consider unbelievable, or they didn’t run due diligence and simply thought: ‘The ticker is available on Nasdaq, so we’ll take it.’ Or they checked, found us, and for some reason decided it didn’t matter,” Palle said.
He said the company will not abandon using the COIN ticker.
In January 2021, Coinbase announced plans to go public. It opted for a direct listing of shares. The listing will take place on April 14 on Nasdaq.
The anticipated valuation of Coinbase, the bitcoin exchange, ahead of the listing surpassed $156 billion.
Earlier Coinbase disclosed its first-quarter financial results: revenue was $1.8 billion, and net income is estimated at $730–$800 million.
Earlier reports identified among Coinbase‘s shareholders QueensBridge Venture Partners, a venture firm co-founded by American rapper Nas.