BBVA, NTT Docomo, USAA and New York Stock Exchange will have the option to sell shares in the digital currency trading platform at a possible $100bn valuation.

Coinbase, a US-based crypto trading platform developer backed by corporate investors BBVA, NTT Docomo, New York Stock Exchange (NYSE) and USAA, filed for a direct listing on the Nasdaq Global Select Market yesterday.

The company had confidentially filed for an initial public offering in December 2020 before switching to a direct listing. Its shares recently changed hands in private trading at a valuation of $100bn.

Founded in 2012, Coinbase is the operator of an online platform allowing…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.