12/31/2023 0 Comments Coinbase global stock price![]() ![]() ET) and the After Hours Market (4:00-8:00 p.m. CNN Sans ™ & © 2016 Cable News Network.Investors may trade in the Pre-Market (4:00-9:30 a.m. ![]() Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. ![]() US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account “Would we be Coinbase investors at a valuation of $100 billion? Yes,” said Matthew Le Merle, managing partner of Fifth Era & Blockchain Coinvestors, a fund of funds that invested in Coinbase after a venture financing round that valued the company at $8 billion a few years ago. That’s why one early Coinbase investor said that even if the stock surges during its first few days, it still might be a good buy. “You also have more and more financial institutions coming into crypto.” “The Coinbase listing should bring further attention to cryptocurrencies and will help further legitimize it,” said Rachid Ajaja, CEO of AllianceBlock, a blockchain capital markets firm. (MSTR) as well as endorsements for the cryptocurrency space by large financial firms such as MasterCard Bitcoin prices have more than doubled this year and are currently trading near a record price of about $62,000.Įhtereum, the second most valuable cryptocurrency, has nearly tripled thanks in part to the fact that it is the digital payment of choice used in transactions for non-fungible tokens, or NFTs.Ĭoinbase says it's the bitcoin investment for people afraid of buying bitcoinīitcoin prices have also gotten a lift thanks to investments from big companies like Elon Musk’s Tesla At Wednesday’s closing price, his 39.6 million shares are worth just under $13 billion.Ĭoinbase is riding the crypto wave. The IPO also turned Coinbase CEO Brian Armstrong into a mega-billionaire. “When it comes to Coinbase, this is pretty much the crypto event of the year,” said Jean-Marie Mognetti, CEO of CoinShares, a European digital asset manager whose stock recently began trading on the Nasdaq Nordic exchange. (Photo by Ozan Kose/AFP/Getty Images) Ozan Kose/AFP/Getty Imagesīitcoin soars to new record above $62,700 This photograph taken on Septemshows a physical imitation of a Bitcoin at a crypto currency "Bitcoin Change" shop, near Grand Bazaar, in Istanbul. Many market observers predicted the stock would rise sharply from its $250 reference price because the company is already profitable, has rapidly rising sales and a growing number of customers. (NDAQ) and also has a higher market value than New York Stock Exchange parent company Intercontinental Exchange (Fun fact: Coinbase is now worth more than three times the value of Nasdaq That’s also how Roblox, Palantir and Spotify (NDAQ), as opposed to selling new stock through an initial public offering. The company listed its shares directly on the Nasdaq The stock quickly surged to a high of nearly $430 before pulling back to close at about $328 – an increase of just over 30%.Īt that price, Coinbase is worth about $86 billion. Cryptocurrency exchange Coinbase Global finally went public Wednesday afternoon at a valuation of nearly $100 billion, as the company takes advantage of surging demand (and prices) for bitcoin, ethereum and other digital currencies.Ĭoinbase shares began trading at $381 a share, a more than 50% jump from the reference price for its stock of $250 a share. ![]()
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