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