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- After yesterday’s listing of Coinbase on the Nasdaq Global Select Market, we know the first results that are more than favorable for the crypto sector.
Yesterday we witnessed one of the most anticipated events in the crypto world, so let’s take a look at how the first day of trading in Coinbase shares on the Nasdaq market turned out.
Probably the biggest surprise was the stock price, which immediately rose above $ 400 after the start of trading, which was significantly more than the originally set reference price for COIN of $ 250.
As you can see on the chart, the price reached a maximum of $ 429.54 and although the market faced a slight correction the price stabilized again. At the time of writing, COIN is trading at about $ 330.
The interest in trading in Coinbase shares was immediately reflected in the market ceiling, which exceeded $ 100B last night.
At present, the COIN market cap is slightly lower at around $ 90 B, but still high enough to make Coinbase the most valuable exchange in the world, outperforming major companies such as CME Group and Hong Kong Exchanges & Clearing (HKXCF).
Read also: Coinbase has decided to give $ 25,000 worth of ‘COIN‘ stocks to each of 1,700 employees
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