Bitcoin price drops to near $61K shortly after COIN lists on Nasdaq
A volatility-filled listing for Coinbase’s COIN stock coincided with a 5% drop in the price of Bitcoin. Following months of build-up and speculation, Coinbase (COIN) listed on the Nasdaq and in true cryptocurrency fashion, opening day trading was a volatile affair that may have had a widespread effect on the cryptocurrency market. COIN's reference price was initially $250 but the stock opened at $381 and rapidly rose to a high of around $429.54 before reversing course to $310 once the initial frenzy died down. Typically, stocks are quite volatile on their first day of trading and COIN is....
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COIN stock has surged after debuting on the Nasdaq exchange Wednesday. Shares of digital currency exchange Coinbase (COIN) opened at $381 Wednesday — significantly higher than its pre-listing reference price of $250 — underscoring heightened institutional demand for the crypto-focused stock. The $381 value put Coinbase’s market capitalization at $99.6 billion on a fully diluted basis. The stock peaked at $429.54 for a gain of 71.8% from the original reference price. It was last seen trading around $350, having gained 43%, according to Yahoo Finance data. It was a volatile first hour of....
Equity options for COIN stock are coming to Nasdaq today. Less than one week after the largest crypto exchange in the U.S. was listed, Nasdaq is set to start trading options for Coinbase Global.According to an April 19 Reuters report, a representative for Coinbase stated that the COIN.O options will start trading on Nasdaq on Tuesday, April 20.The launch of equity options will offer a new way for investors to bet on the fortunes of Coinbase. Equity options represent the right, but not the obligation, to buy or sell a stock at a certain price, known as the strike price, on or before an....
Early price action from the Coinbase stock listing on the Nasdaq reveals volatile reaction from traders. Trading has already begun on Coinbase’s COIN stock on the Nasdaq after weeks of anticipation following the U.S. exchange giant’s direct listing announcement.COIN began trading significantly higher than the $250 reference stock price assigned by Nasdaq prior to the market open, rising quickly to around $430. The price fell sharply within the first few minutes of trading however, and sits at $381 at time of publication.Even so, COIN is up about 55%, putting the U.S. crypto exchange....
Coinbase’s IPO via a direct listing on Nasdaq is today. Nasdaq has set a reference price of $250 for the stock which will trade under the ticker symbol COIN. Investors are describing Coinbase’s public debut as a “watershed” moment for the crypto industry. Coinbase’s Reference Price Set at $250 by Nasdaq Investors are eagerly waiting for Coinbase’s initial public offering (IPO). The company has chosen to go public via a direct listing on Nasdaq, which is different from a traditional IPO. “The Class A common stock of Coinbase Global Inc. is expected....
The Winklevoss twins have filed an amended Form S-1 with the SEC. The minor update reveals a few new facts about the Winklevoss exchange traded fund (ETF). So far Cameron and Tyler Winklevoss have updated their ETF filing four times. The process of registering an ETF is painstakingly slow: the twins originally filed for an investment fund a year ago, on 1st July 2013. New update reveals ETF symbol. According to the latest filing, shares in the Winklevoss Bitcoin Trust will trade on the NASDAQ OMX under the symbol 'COIN'. There are a number of cosmetic changes too, described by the Wall....