Another lawsuit: Coinbase is sued for listing on Nasdaq
- Coinbase is again facing another lawsuit.
- This time, the lawsuit is against shares issued on the Nasdaq in April 2021.
- The previous lawsuit was about “misleading” Dogecoin advertising campaigns.
Coinbase came under fire again. This time, the famous cryptocurrency exchange is facing a lawsuit for listing on the Nasdaq. Specifically, the lawsuit involves the company’s direct offering in April 2021.
Specifically, the product allows Coinbase (COIN) options to be traded on Nasdaq. The issuance of stocks provides investors with another way to bet on the price of COIN.
It is worth mentioning that this issuance allowed Coinbase to issue 114,850,769 shares of Class A common stock. When it was ready, the public began to buy stocks. It is worth noting that the stock’s trading price on the Nasdaq is $381.
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