One week of COIN: How is Coinbase’s Nasdaq listing shaping up so far
Cointelegraph
Published Apr 21, 2021 08:34AM ET
Updated Apr 21, 2021 10:20AM ET
April 14 was considered by many crypto enthusiasts all over the world as a watershed moment for the digital asset industry, as it marked the day when Coinbase, one of the largest crypto trading platforms in the world, made its debut on Nasdaq via a direct listing. As one can imagine, the lead up to the moment was replete with a market-wide surge, with Bitcoin (BTC) scaling up to a price point of $64,800 a day before the listing went live.
In the run-up to Coinbase’s Nasdaq debut, COIN’s reference price was set at just $250, with all of the company’s staff receiving a total of 100 shares each. What’s more, in true crypto fashion, COIN’s debut was mired by volatility, with stock prices rising sharply to around $430 just minutes after trading commenced.
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Written By: Cointelegraph
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