Less than one week after the largest crypto exchange in the U.S. was listed, Nasdaq is set to start trading options for Coinbase Global. According to an April 19 Reuters report, a representative for Coinbase stated that the COIN.O options will start trading on Nasdaq on Tuesday, April 20. The launch of equity options will offer a new way for investors to bet on the fortunes of Coinbase. Equity options represent the right, but not the obligation, to buy or sell a stock at a certain price, known as the strike price, on or before an expiration date. The news …

After much anticipation, Coinbase listed on the Nasdaq on Wednesday via a direct listing. Skybridge founder Anthony Scaramucci thinks the event should have been met with more attention from banks. “What I’m surprised about, frankly, is there isn’t a wake-up call at the banks, the commercial banks, like there was for the Netscape IPO in 1995 at Microsoft,” Scaramucci told CNBC on Friday after noting Coinbase’s connection with Bitcoin (BTC), in line with the asset’s growth and technical framework. He added: “Bill Gates thought the internet was a fad. He then realized what was happening with the Netscape IPO, and …

Three exchange-traded funds offered by Cathie Wood’s Ark Invest, including the flagship Ark Innovation ETF, all added further shares in Coinbase (COIN) to their positions on Thursday. According to a report from Reuters, the Ark Innovation ETF, Ark Next Generation Internet ETF and Ark Fintech Innovation ETF purchased a combined total of 341,186 shares, valued at $110 million at the close of trading on Thursday, with each share valued at $322.75. The previous day, the three ARK funds together accumulated 749,205 COIN shares, worth approximately $246 million combined. Wednesday's bolstering of Ark's Coinbase position brings the three funds' total stock …

American crypto exchange giant Coinbase went public on Wednesday with a direct listing on Nasdaq. The company’s performance on day one has been hailed as being positive overall, with Coinbase becoming the most valuable exchange in the United States ahead of legacy players such as the Chicago Mercantile Exchange. Coinbase’s first day of trading was seen by market commentators as a watershed moment for the crypto space, but how does its performance compare with that of other major companies to go public in the last decade? Trading under the ticker “COIN,” Coinbase stock opened at $381, which as expected, was …

Garry Tan, a prominent angel investor and the founder of Initialized Capital, was one of the first investors to provide seed funding to Coinbase eight years ago. Less than a decade later, and after today's highly anticipated Nasdaq listing for Coinbase's COIN stock, Tan's 2013 investment of $300,000 into Coinbase is now worth $2.4 billion. Coinbase debuted on the Nasdaq on April 14 at $381 per share, making it one of the most hyped listings in the U.S. stock market of the year. How did $300,000 become $2.4 billion? In 2013, when Tan invested in Coinbase, it was unclear whether …

Following months of build-up and speculation, Coinbase (COIN) listed on the Nasdaq and in true cryptocurrency fashion, opening day trading was a volatile affair that may have had a widespread effect on the cryptocurrency market. COIN's reference price was initially $250 but the stock opened at $381 and rapidly rose to a high of around $429.54 before reversing course to $310 once the initial frenzy died down. Typically, stocks are quite volatile on their first day of trading and COIN is no exception to that trend. Therefore, the success of today's launch and the strength of Coinbase as a company …

Shares of digital currency exchange Coinbase (COIN) opened at $381 Wednesday — significantly higher than its pre-listing reference price of $250 — underscoring heightened institutional demand for the crypto-focused stock. The $381 value put Coinbase’s market capitalization at $99.6 billion on a fully diluted basis. The stock peaked at $429.54 for a gain of 71.8% from the original reference price. It was last seen trading around $350, having gained 43%, according to Yahoo Finance data. Meanwhile, the technology-focused Nasdaq Composite Index, which listed COIN, was down 0.6% on Wednesday. As Nasdaq reported Tuesday, Coinbase’s reference price does not reflect its …

Trading has already begun on Coinbase’s COIN stock on the Nasdaq after weeks of anticipation following the U.S. exchange giant’s direct listing announcement. COIN began trading significantly higher than the $250 reference stock price assigned by Nasdaq prior to the market open, rising quickly to around $430. The price fell sharply within the first few minutes of trading however, and sits at $381 at time of publication. Even so, COIN is up about 55%, putting the U.S. crypto exchange giant’s valuation at just under $100 billion. Enthusiasm for COIN exposure is also evident among crypto traders judging from the preliminary …

Major global cryptocurrency exchanges including Binance and FTX have announced the listing of Coinbase’s stock token ahead of its direct listing on Nasdaq. According to an announcement on Wednesday, Binance will list Coinbase’s stock token (COIN) today, allowing its users to trade fractional Coinbase stock on the Binance website. The new stock token will trade against Binance USD (BUSD), Binance’s stablecoin, which is pegged to the United States dollar and issued by Paxos Trust Company. Binance said that Coinbase stock tokens are zero-commission digital tokens fully backed by a depository portfolio of underlying securities representing the tokens. The exchange stated …

Major United States exchange Coinbase’s COIN stock has received a reference price at $250 from Nasdaq ahead of the much-anticipated direct listing on the stock exchange just hours from now. The price is far below the current FTX pre-trading price of $600, albeit on thin 24-hour volume of under $4 million. The exchange is going public via a direct listing instead of an initial public offering, meaning the reference price is not a direct indicator of the company’s market cap. It simply implies a valuation of $65 billion, which is below other estimates ranging between $68 billion and $120 billion. …

Coinbase, the top cryptocurrency exchange in the United States, will soon be a publicly listed company once its COIN stock launches on the Nasdaq stock exchange on April 14. Generally, the sentiment around the listing has been overwhelmingly positive from both the crypto and traditional financial markets. With the date just one day away, analysts have been issuing a variety of perspectives related to how the listing could impact Bitcoin and altcoin prices. Coinbase rally, crypto top? As Cointelegraph previously reported, Coinbase is not actually conducting an initial public offering (IPO). Instead, the exchange is directly listing on the Nasdaq, …

After an extended period of speculation as to when Coinbase would finally go live with its public stock listing, the United States-based cryptocurrency exchange released a blog post earlier this month stating that it had registered with the U.S. Securities and Exchange Commission to hold a direct listing on Nasdaq on April 14. In this regard, Coinbase’s Class A common stock is expected to trade on the Nasdaq Global Select Market under the ticker symbol “COIN.” The cryptocurrency exchange had previously set its eyes on a March listing, however, after signing a settlement deal with the U.S. Commodities and Futures …