Coinbase wrapped its first day of public trading on Nasdaq with a share price of $328.
It’s down 14% from its debut at $381, but still up 31% from the reference price of $250.
The public debut of $COIN marks an important moment for the crypto industry. A product of the Y Combinator startup accelerator program, Coinbase is now the largest American crypto exchange, with a market capitalization of over $85 billion. It’s seen investments from the likes of Fred Wilson and Marc Andreessen, and played an important role in acquainting US retail traders with popular cryptocurrencies like Bitcoin and Ethereum.
Please:
click