Miami  — Coinbase, a leading US cryptocurrency exchange, moved a step closer to listing on the Nasdaq with a filing on Thursday to go public, revealing that it had swung into profit in 2020 as bitcoin surged.

Approval from the US Securities and Exchange Commission (SEC) for a listing would represent a landmark victory for cryptocurrency advocates, vying for mainstream endorsement for a sector which has struggled to win the trust of mainstream investors, regulators and the public...

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