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Coinbase COIN Starts Trading at a Price Around $400 and Over $100 Billion Valuation

Summary:
Coinbase finally started trading on Nasdaq today. The leading US-based cryptocurrency exchange became the first major exchange to have its shares publicly traded. Coinbase’s direct listing on Nasdaq was undoubtedly one of the most highly anticipated events in the entire cryptocurrency industry and the fintech world alike. It took place moments ago, and according to the official website of Nasdaq, COIN shares had a debut price of 1. At the time of this writing, however, the shares are trading at around 0, which means that the company is currently valued at above billion. It’s also worth noting that the opening price was significantly higher than the reference price of 0 that we saw earlier. It represents a difference of around 50%. The story is developing.

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Coinbase finally started trading on Nasdaq today. The leading US-based cryptocurrency exchange became the first major exchange to have its shares publicly traded.

  • Coinbase’s direct listing on Nasdaq was undoubtedly one of the most highly anticipated events in the entire cryptocurrency industry and the fintech world alike.
  • It took place moments ago, and according to the official website of Nasdaq, COIN shares had a debut price of $381.
  • At the time of this writing, however, the shares are trading at around $400, which means that the company is currently valued at above $1 billion.
  • It’s also worth noting that the opening price was significantly higher than the reference price of $250 that we saw earlier. It represents a difference of around 50%.

The story is developing.

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