Coinbase heads for $89 bln valuation in Nasdaq debut

Coinbase 100 Billion

April 13 (Reuters) – Shares of Coinbase Global Inc were set to jump 36% above their reference price in the cryptocurrency exchange’s market debut on Wednesday, the latest sign of the surge in interest and trading in bitcoin and other digital currencies.

At 10:12 a.m. ET, the company’s stock was indicated to open at $340, up from a reference price of $250 per share.

At the indicated price, the digital asset exchange would be valued at around $89 billion. (Reporting by Niket Nishant in Bengaluru; Editing by Sriraj Kalluvila)

Original Source :

Want to receive the latest stock and cryptocurrency news and investing ideas that can help you make money ?! Subscribe to our newsletter. Enter your email below and hit the subscribe button.

DigitalOcean Referral Badge
Previous articleFlare Finance’s (DFLR) Airdrop Gains Support From Major Exchange
Next articleCrypto Exchange Binance Introduces Stock Trading Starting With Launch of Tesla Tokens