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Coinbase s Market Cap Is Too Huge for Competitors to Ignore It Any Longer Yes, COIN is only one company, one stock, but it s a mountain of emotion right now. The headlines are going to be all about the Coinbase (COIN) craze tonight, tomorrow, and through the weekend. There s no doubt it is an incredibly impressive opening. The stock jumped above $400 only minutes after it began trading. Where it ends the week is anyone s guess, but the early strength and enormous valuation give crypto supporters a lot of firepower. Crypto critics will no doubt discuss the possible disconnect from reality. I actually think both exist.

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