Coinbase shares will start trading on the Nasdaq at $ 340, Bloomberg reports, citing knowledgeable sources. This assumes a capitalization of $ 88 billion, taking into account 261.3 million shares.
This news has already led to a correction in the COIN / USD futures on FTX – the price dipped to $ 470, although the Nasdaq yesterday set the reference price at $ 250.
As of 5:45 pm Moscow time, trading has not yet started.
The tokenized COIN shares will be available on Binance.
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