It makes the trading platform “one of the worst direct listings ever , according to some analysts
Coinbase Global Inc (NASDAQ:COIN) tumbled below its IPO price on a very bad day for cryptocurrencies.
The trading platform, which also experienced technical issues for some users, was down 8% to US$219.16 at open, compared to its market debut at US$250 per share just a month ago.
The crypto market’s total value stood at around US$1.57 trillion on Wednesday, down a quarter in just a day.
We’re seeing some issues on Coinbase and Coinbase Pro and we’re aware some features may not be functioning completely normal. We’re investigating what’s going on right now, and as soon as we know more we’ll let you know.
FTSE 100 made a poor start to the week with all eyes firmly on Boris Johnson’s lockdown speech this evening. London’s blue-chip index fell 53 points to.