No reason was given for the delay, but Bloomberg noted the SEC has been reviewing the exchange's plan for a direct listing.
Competitors Coinbase and eToro are already barreling toward multi-billion dollar listings on the public markets.
Coinbase's IPO introduces a new set of stake holders in Ethereum's governance community.
The Coinbase CEO is among the world’s 500 richest people, per Bloomberg.
DeFi, social media and data breaches are also acknowledged as "risk factors" for investors in the company's hot-off-the-presses prospectus.
The 38-year-old tech CEO received nearly $60 million in total compensation last year.
The bitcoin fund is available in both U.S. dollars and Canadian dollars and is listed on the Toronto Stock Exchange.
The crypto trading platform is also considering the possibility of a merger with a special purpose acquisition company, according to Israeli newspaper Calcalist.
The SEC could use its approval power over stock market listings to dictate which tokens crypto exchanges like Coinbase can list as they seek to go public.
Coinbase's selection comes per industry sources cited by Business Insider.
The Sweden-based exchange says it aims to list on Nasdaq's First North Growth Market next year.
The regulated Swiss firm is now eyeing a dual listing of shares in Switzerland and Singapore in partnership with the SIX Digital Exchange.
3iQ said its Ether Fund has completed an initial public offering on the Toronto Stock Exchange, calling it a "world first."
Three hundred investors have ponied up funds for the initial public offering (IPO) of crypto exchange INX, according to Etherscan.