Cryptocurrency exchange Coinbase lists on Nasdaq
Updated / Wednesday, 14 Apr 2021
12:56
Coinbase Global is the biggest US cryptocurrency exchange
Coinbase Global, the biggest US cryptocurrency exchange, is listing on the Nasdaq today, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset.
The listing is by far the biggest yet of a cryptocurrency company.
The San Francisco-based firm said last month that private market transactions had valued the company at around $68 billion this year compared to $5.8 billion in September.
It represents the latest breakthrough for acceptance of cryptocurrencies, an asset class that only a few years ago had been shunned by mainstream finance, according to interviews with investors, analysts and executives.
3 Min Read
(Reuters) - Cryptocurrency exchange Coinbase Global Inc was valued at almost $100 billion in a Nasdaq debut on Wednesday that marked another milestone in the development of bitcoin and other digital assets.
Employees of Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, watch as their listing is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton
The company’s stock market debut, done through a direct listing where no shares are sold ahead of the opening, comes amid a surge in the value of cryptocurrencies which has lured a clutch of mainstream, top-tier firms dive into the space.
Wednesday, 14 Apr 2021 03:45 PM MYT
This illustration photo shows the Coinbase logo in the background as a person checks cryptocurrencies prizes on a smartphone in Los Angeles on April 13, 2021. AFP pic
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LONDON, April 14 Coinbase Global Inc, the biggest US cryptocurrency exchange, will list on the Nasdaq today, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset.
The listing is by far the biggest yet of a cryptocurrency company, with the San Francisco-based firm saying last month that private market transactions had valued the company at around US$68 billion (RM280.7 billion) this year, versus US$5.8 billion in September.
By Syndicated Content
By Tom Wilson and Anna Irrera
LONDON (Reuters) - Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset.
The listing is by far the biggest yet of a cryptocurrency company, with the San Francisco-based firm saying last month that private market transactions had valued the company at around $68 billion this year, versus $5.8 billion in September.
It represents the latest breakthrough for acceptance of cryptocurrencies, an asset class that only a few years ago had been shunned by mainstream finance, according to interviews with investors, analysts and executives.