Coinbase Shares Declined 50% From All-Time High, Stock Follows Bitcoin’s Ups ...
Roughly nine months ago, Coinbase’s initial public offering (IPO) via a direct listing on Nasdaq launched, and shares swapped for $342 per share on April 16, 2021. Since then, Coinbase shares have dropped by close to half that value and today, COIN is swapping for more than 45% lower at $187 per unit. Coinbase Follows Bitcoin With Shares Down 45% From ATH Coinbase (Nasdaq: COIN) is a popular crypto firm and digital asset exchange with 8.8 million monthly transacting users during its height in Q2 2021. The business founded by Fred Ehrsam and Brian Armstrong in 2012 officially went....
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Coinbase averted the delisting of its shares from the German stock exchange after submitting legal documents that had originally been neglected in error. The scheduled delisting of Coinbase shares from the German Deutsche Boerse stock exchange appears to have been averted. The platform announced on Wednesday that Coinbase would be removed from the Xetra and Frankfurt stock exchanges this week after it was discovered the cryptocurrency exchange had not submitted proper reference data for its shares. The removal date was originally scheduled for Friday at the close of the day’s trading....
RIOT stock was down by as much as 14.4% on Thursday. Shares of Riot Blockchain (RIOT) and other cryptocurrency miners sold off sharply on Thursday, as Bitcoin’s (BTC) gravitational pull on the market continued to broaden. RIOT declined by as much as 14.4% during Thursday’s session, extending its losing streak to four days. The stock has declined 29% over that stretch and is down over 44% from its all-time closing high on February 17.At the time of writing, RIOT had pared most of its daily losses to trade above $43.00. Its market cap currently stands at just under $3 billion. RIOT has....
Coinbase listed the shares for resale in preparation for its initial public offering at the end of the month. Cryptocurrency exchange Coinbase has registered 114,850,769 shares of class A common stock for a direct listing on the Nasdaq stock exchange, as per an amended S-1 filing with the U.S Securities and Exchange Commission.Coinbase announced its intention to launch an initial public offering back in December 2020 when it first filed registration forms with the SEC. By early March, the pre-market private trading price of the shares had risen as high as $375, giving the company an....
Cathie Wood’s investment firm ARK Investment Management is the third-largest shareholder of Coinbase, reportedly holding nearly $9 million as of late June. One of the largest stockholders of the Coinbase cryptocurrency exchange has dumped a massive amount of shares as regulators reportedly probe the firm for alleged insider trading.Cathie Wood’s investment firm Ark Investment Management has sold a total of more than 1.4 million Coinbase (COIN) shares, according to daily trade information from Ark on July 26.The sale involved three Ark exchange-traded funds (ETF), including Ark Innovation....
Deutsche Boerse said "the only way for Coinbase to resume trading" is for the company to apply for a Legal Entity Identifier code. The Deutsche Boerse Group has said it will delist Coinbase's stock listing on its Xetra digital stock exchange as well as the Frankfurt Stock Exchange.According to Reuters, Deutsche Boerse said it would delist Coinbase Global from the two exchanges due to "missing reference data" for the shares. The group said someone involved in listing the Coinbase shares used an incorrect Legal Entity Identifier, or LEI, code. The code is a regulatory requirement for any....