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Coinbase Nasdaq Trading Started (Updated)

The news is supplemented

On April 14, a direct listing of shares of the cryptocurrency exchange Coinbase on Nasdaq took place. The opening price was $ 381.

The COIN rate rose to $ 424, but at the time of writing is down to $ 395. The capitalization of the exchange has exceeded $ 100 billion, which makes it the most capitalized exchange in the world.

On the eve of the Nasdaq set the reference price of Coinbase at $ 250, which implied a capitalization of $ 66 billion. On FTX, traders estimated COIN at more than $ 620.

“When we started Coinbase in 2012, Bitcoin was worth $ 6. Almost no one, except for the nerds from the Internet, knew anything about him. Bitcoin was a crazy idea that was to create digital money for everyone, ”wrote co-founder Fred Ehrsam.

On the day of listing, bitcoin surpassed $ 64,000, and the total market capitalization was $ 2.3 trillion.

“This is still the beginning. 1% of the most important technology for decades to come. Cryptocurrencies will change money and information, and the world is built on them. “

Trading in tokenized COIN shares will be available on Binance and is already available on FTX in the form of contracts. The latter converts COIN / USDT futures into tokenized shares after the end of the first trading session.

Read more about the business and prospects of Coinbase in our material.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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