Last Minute: Coinbase Shares Started Trading on Nasdaq - News-Credit-Mortgage-Coin


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Wednesday, April 14, 2021

Last Minute: Coinbase Shares Started Trading on Nasdaq


Coinbase has been listed on Nasdaq and started its new journey as a public company. The 21-second countdown before the opening bell represented the Bitcoin supply, 21 million.

Since Coinbase prefers to list directly and avoid a traditional IPO, its shares later started trading during the trading session.

Coinbase (COIN) started trading at $ 381

The stock was opened at $ 381 on the Nasdaq. This brings the market value of the stock market to around $ 100 billion. Coinbase went down in history as the largest direct listing ever.

The COIN quickly reached $ 400 in the first minutes of the transaction. This is about 80 percent higher than the $ 250 reference price. According to its current valuation, Coinbase is more valuable than the world's largest stock exchange, the New York Stock Exchange.

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