As Coinbase goes public, cryptocurrency is more mainstream than ever.
Coinbase, a platform for buying and selling cryptocurrencies like bitcoin, became the first major cryptocurrency company to go public in the United States on Wednesday. It’s a clear sign that crypto is firmly in the mainstream of the finance industry — and it’s not going away anytime soon.
Coinbase stock — which is trading under the ticker COIN — ended its first day at $328 per share, putting the newly public company at a more than $85 billion valuation on Wednesday evening. Throughout the day, Coinbase’s price stayed far above the $250 reference price that the Nasdaq set before trading began, and at one point swung as high as $429. Ahead of the listing, the value of several cryptocurrencies also surged, … Read the restRead more