Largest exchange for cryptocurrencies, Coinbase gets nod from SEC for direct listing

In a big push for cryptocurrencies, Coinbase the largest US exchange for the digital tokens is set for a direct listing on April 14 after getting a nod for US market regulator SEC.

Coinbase will be the Nasdaq’s first major direct listing, in a direct listing, the issuing company forgoes selling new stock and instead allows existing stakeholders to sell their shares to new investors.

As the largest exchange for cryptocurrency Coinbase has 43 million users trading digital assets in more than 100 countries.As per reports Coinbase is worth $68 billion