Nasdaq Set Coinbase's Recommended Share Price at $250 – Bits Media

Coinbase will be listed on the Nasdaq stock exchange today under the ticker COIN. Recommended price reduced from $300 – $350 to $250. Coinbase tocenbase tokenized shares will also open Binance Exchange immediately after listing.

The recommended price was set After consultations with financial advisers, and taking into account the closed pre -sale of shares. The notice is noted, that there were no large -scale closed sales of shares. In this case, the recommended price may differ from the actual shares at the time of listing.

“Pay attention, that the recommended price is not the price of the offer. No one bought or sold shares at this price. The actual price will be determined on the basis of orders for the purchase and sale at the time of the opening of trading ", - says the NASDAQ notification.

Recall, what should be received on the market 255 Million shares of Coinbase, what, Taking into account the recommended price, gives the capitalization of the exchange in $63.7 billion. However, it is worth expecting a significant excess of the recommended price - on the FTX exchange for some time there are already bidding futures for Coinbase and the price for such futures is $ 607. If such a price is set for NASDAQ, then the capitalization of the cryptocurrency exchange will be $154.7 billion.

If such a price is set for NASDAQ, then the capitalization of the cryptocurrency exchange will be $154.7 billion. Wherein, According to preliminary forecasts, Coinbase profit for the first quarter 2021 It will be a year $1.8 billion. 11 April Cryptocurrency Exchange Binance launched the trade of Tesla tokenized shares. The volume of bidding in three days was $6.7 million. Coinbase shares will be the second tokenized shares on Binance, Moreover, trade will begin on the same day, that on the Nasdaq stock exchange. Tecenized shares trading are paired with its own stabelcoin site BUSD.

Coinbase shares are offered to buy Russian brokers. for instance, They will be available for trading on the Tinkoff Bank platform, Moreover, the preliminary price of shares is set for $375 - Maybe, Broker preferred not to reduce the previously set preliminary price. Besides, VTB Bank offers to invest in the shares of the American exchange through the application "My Investments". The recommended price of shares is not indicated, However, the minimum purchase is set for $10 000.