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Coinbase Foresees Strong Stock Market Debut

M. Ali 14 April, 2021 7:51 pm Cryptocurrency, Global Stock Market, Market Update

Coinbase Global Inc witnessed a strong debut on the stock market on Wednesday, reaching a valuation of around $91 billion.

Today marked the Cryptocurrency exchange debut on the Nasdaq, which indicated to open at a share price of $350-355, compared with a a reference price of $250.

Listing the company marks another step for crypto assets in the mainstream market. It did not take place through a conventional initial public offering (IPO), as it was instead launched to investors through a direct listing.

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