Coinbase Shares Meet Crypto Volatility: First Soar, Then Fall to Close Below Ope

[Tanimariya]

The crypto exchange's shares traded above $400, and then into the low $300s, after starting off at $381.
Coinbase shares fell Wednesday below their initial opening price, as traders scrambled to assess the largest U.S. cryptocurrency exchange’s value in a volatile first day following the historic direct listing on Nasdaq.

After opening at $381 at around 1:30 p.m. ET, Coinbase shares (NASDAQ: COIN) soared to as high as $429.54 before dropping more than 100 points over the next hour and a half to close at $328. That was below the $348 price where the shares last changed hands in private markets.
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