Cryptocurrency platform Coinbase is officially on the US stock market

Considered one of the world’s largest cryptocurrency exchanges coinbasefiled an utility with the US Securities and Trade Fee (SEC) in February to enter the New York non-public stock change Nasdaq.

coinbasewas officially listed on the Nasdaq yesterday night. Somewhat than a conventional IPO the place new shares are bought, the firm held an IPO the place present shareholders might promote their shares.

So how did Coinbase’s itemizing on the US stock market have an effect on the cryptocurrency market? Let us take a look at the reply to this query collectively.



Coinbase began its first trades at $381 per share, going as much as $429 inside the first 10 minutes of buying and selling. Nonetheless, firm shares ended the day at $328.28, down 14 %.

Bitcoin, which closed at the degree of 62 thousand 384 with a lower of 1.28% with the impact of the sale on Coinbase, recorded a restricted improve in the first transactions of the new day.

Coinbase, which brought on cryptocurrencies, particularly Bitcoin, to rally earlier than the IPO, led the gross sales this time.

As of closing worth, Coinbase’s valuation stood at roughly $86 billion.


Coinbase is listed on the Nasdaq with the code COIN. As well as, the tokenized model of COIN shares could be traded by Binance. Nonetheless, these buying and selling transactions don’t cowl Turkey.

In line with Delphi Digital’s calculations, the firm’s worth 160 billion to 230 billion {dollars} can vary.

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