Coinbase capitalization was $85.7 billion at the end of the first day of trading on the Nasdaq – Bits Media

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Капитализация Coinbase составила $85.7 млрд по итогам первого дня торгов на Nasdaq - Bits Media

Yesterday, Coinbase began trading on the Nasdaq Stock Exchange under the ticker COIN. At the end of the trading session, the share price was $328.28, And the capitalization of the exchange has reached $85.7 billion.

Nasdaq exchange reduced the recommended price of Coinbase shares with $300-$350 to $250. However, it did not interfere with bidding Start from the mark $381 and at the moment reach $429.54. Then the stock course began to decline and fell to $310 At the last hour before closing the auction. At the time of the closing of the trading, the course was $328.28 per share.

Coinbase capitalization was $85.7 billion at the end of the first day of trading on the Nasdaq - Bits Media

Coinbase held the largest direct placement of shares on the stock exchange in history. The capitalization of the cryptocurrency exchange has significantly circled the indicators of such companies, Like Roblox ($38.3 billion), Spotify ($29.5 billion) and Palantir ($21 billion).

Coinbase capitalization was $85.7 billion at the end of the first day of trading on the Nasdaq - Bits Media

Recall, that Russian users can buy Coinbase shares. for instance, Tinkoff application users and VTB banks. Coinbase tokenized shares also trafficking was launched by the Binance cryptocurrency exchange.

Expected, what for the first quarter 2021 Coinbase profit will reach $1.8 billion. At the same time, the net income of the cryptocurrency exchange will be from $730 million to $800 million.