Coinbase Is Important For Crypto, Especially For BITCOIN

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Published on April 18, 2021 4:00:04 PM ● Video Link: https://www.youtube.com/watch?v=DdxFJNJliyQ

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Coinbase Is Important For Crypto, But Especially For BITCOIN

So Coinbase hit the stock market this week
https://fortune.com/2021/04/14/coinbase-stock-price-coin-shares-ipo-nasdaq-direct-listing-should-i-invest-buy-stocks-experts-react/

It was valued higher than BP

Cryptocurrency firm Coinbase, which runs a top exchange for Bitcoin and other digital currency trading, hit a market value of nearly $100bn (£72.5bn) in its stock market listing.

Shares debuted on the Nasdaq at a price of $381, but later closed below $330.

The initial valuation put Coinbase ahead of many well-known firms, such as oil giant BP and key stock exchanges.

The listing was seen as the latest step toward cryptocurrencies gaining wider acceptance among traditional investors.

The price of Bitcoin surged more than 300% last year - and has climbed even higher in 2021 - as firms including Tesla, Mastercard and BlackRock unveiled plans to incorporate digital currencies into their businesses.

https://www.bbc.com/news/business-56750102#:~:text=Cryptocurrency%20firm%20Coinbase%2C%20which%20runs,in%20its%20stock%20market%20listing.&text=It%20hit%20a%20record%20of,ahead%20of%20the%20Coinbase%20listing.