From price volatility to becoming the most valuable US exchange, here is how well Coinbase’s first day of trading tracks with other companies.
American crypto exchange giant Coinbase went public on Wednesday with a direct listing on Nasdaq.
The company’s performance on day one has been hailed as being positive overall, with Coinbase becoming the most valuable exchange in the United States ahead of legacy players such as the Chicago Mercantile Exchange.
Coinbase’s first day of trading was seen by market commentators as a watershed moment for the crypto space, but how does its performance compare with that of other major companies to go public in the last decade?
Trading under the ticker “COIN,” Coinbase stock opened at $381, which.