Coinbase, the largest US cryptocurrency trading platform, has received approval to put its shares on the Nasdaq. Coinbase estimates its shares will start trading on April 14.
Coinbase Global Inc has received approval from the regulator to place its shares on the U.S. stock exchange's Nasdaq index. The decision by the U.S. Securities and Exchange Commission (SEC) has added new strength to the legitimacy of digital currencies, which are rapidly gaining approval in the mainstream financial services industry.
Earlier in the week, the financial services company announced that transactions on the Visa payment network could be made with the cryptocurrency USD Coin, Reuters reported. PayPal, on the other hand, announced that it allows us consumers to shop online with cryptocurrencies.