Coinbase COIN Starts Trading at a Price Around $400 and Over $100 Billion Valuation

Coinbase finally started trading on Nasdaq today. The leading US-based cryptocurrency exchange became the first major exchange to have its shares publicly traded.

• Coinbase’s direct listing on Nasdaq was undoubtedly one of the most highly anticipated events in the entire cryptocurrency industry and the fintech world alike.
• It took place moments ago, and according to the official website of Nasdaq, COIN shares had a debut price of $381.
• At the time of this writing, however, the shares are trading at around $400, which means that the company is currently valued at above $1 billion.
• It’s also worth noting that the opening price was significantly higher than the reference price of $250 that we saw earlier. It represents a difference of around 50%.

The story is developing.