The business, based in San Francisco, may be the first cryptocurrency exchange to go public in the United States.

Coinbase, a cryptocurrency exchange located in the United States, says it aims to go public with a direct stock listing in two weeks.

The Securities and Exchange Commission, or SEC, has declared Coinbase’s S-1 registration for a public offering successful, according to a Coinbase blog today. On April 14, Coinbase’s Class A common stock will begin trading on the Nasdaq Global Select Market under the ticker symbol “COIN.”

The cryptocurrency exchange had previously planned to go public in March, but had to postpone its plans after paying a $6.5 million fee to the Community Futures Trading Commission, or CFTC, as part of a settlement.

Coinbase submitted a draught registration statement for a public offering to the Securities and Exchange Commission in December, but the crypto exchange announced that it plans to seek a direct listing on Nasdaq in early 2021. The exchange’s stock reportedly sold for up to $375 each in a private auction last month, indicating that the company may have a $100 billion valuation at the time of its initial public offering.

Coinbase, which was established in 2012 and is now one of the largest cryptocurrency exchanges in the United States, according to CoinMarketCap, with Coinbase Pro handling more than $3 billion in regular transactions. Kraken, a crypto exchange based in California, has not confirmed that it will go public in the same way as Coinbase, but has indicated that it will do so through a direct listing rather than a special-purpose acquisition business.