Coinbase Crypto Exchange Opens at Whopping $102 Billion Valuation on First Day of Public Trading

Axios

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Cryptocurrency exchange Coinbase opened trading on Wednesday at $381 per share, giving it a fully diluted market value of around $102 billion.

Why it matters: This is a slight premium to the most recent private trades for Coinbase stock, and more than 50% higher than the reference price set last night by the Nasdaq.

The big picture: Coinbase’s public listing has been among the most anticipated in recent years, with expectations it will garner a massive market cap.