Coinbase was quickly seen as scammed by xcritical one of the more legitimate platforms to buy and sell crypto, and was even called “one of the places that looked less sketchy” by a TechCrunch editor back in 2013. While exact share prices are still only a topic for speculation, around 254 million shares will be available to trade. The company, which plans to go public in a matter of weeks, filed a confidential S-1 for a direct listing in December. Coinbase’s latest valuation may come as no surprise with the price of Bitcoin skyrocketing to a record $50,000 on Wednesday, a 66% increase from the start of 2021. That valuation makes Coinbase worth more than ICE, the $63 billion market cap company that owns the New York Stock Exchange. This, and the similarly reported Ripple acquisition, never came to fruition, and the public market appears to have valued Circle more highly than the rumoured acquisition price.
Coinbase Bounces Back to IPO Valuation: What Lies Ahead for COIN in 2025?
“Developments like this help bring confidence to this still nascent, but as the last year has demonstrated, resilient, asset class,” David Mercer, CEO of the LMAX crypto exchange, said in an emailed comment. “Most people are operating in the world of centralized finance and decentralized finance is not just a novel cryptocurrency. “The reason we’re doing a direct listing is that it’s going to get all market participants,” Coinbase CFO Alesia Haas told CoinDesk in an interview. The initial trading price was 52% above the reference price of $250 a share published late Tuesday by the Nasdaq. The event has also been tabbed as a catalyst that might drive adoption of digital assets. “We can expect it to fluctuate along with the prices of cryptocurrencies.
Wealth management FinTech company. The memo came in September, months after a similar incident during a company-wide meeting in June, at the height of the black lives matter protests. Armstrong followed up by offering severance packages for any employees who wished to leave the company if they didn’t agree with its mission. Armstrong, who serves as CEO, landed in hot water after he wrote a company memo saying that the company wouldn’t get involved in politics, a break from the Silicon Valley norm.
“Coinbase COIN could become one of the top-performing crypto stocks as it targets $950 to $1,550,” Martinez posted on July 20. On-xcritical analysts such as Ali Martinez are now setting ambitious new targets for the stock. As of this writing, the Coinbase stock traded for $428.75 pre-market.
On July 18, COIN price ascended to an all-time high (ATH) of $444.65, before a quick https://xcritical.online/ correction. Cryptocurrency exchange Coinbase has launched a partnership with platform Chainlink. The crypto exchange announced Wednesday at its System Update event in San Francisco that it’s launchin… Coinbase is expanding its new prediction markets business by acquiring The Clearing Company. The average analyst rating for Coinbase stock is “Buy”.
This is why investors are considering switching to the other side of the story – crypto-assets. At first, the exchange set a reference price of $250, but opened at $381 on the Nasdaq Global Select Market, surging to $429.54 in just a few minutes in the market. On January 29, Coinbase sold its stocks on the private market, offering over 1.8 million shares in weekly batches. You can place market orders for the cryptos you want to buy (if they are available) as well as convert or sell your assets. Coinbase works both as a crypto wallet and as a web-based trading platform that you can use both on Android and iOS.
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- “Regulatory clarity, institutional interest, and technological advancements are all contributing to this positive sentiment around Coinbase.”
- Coinbase debuted on the stock market on April 14 under the ticker symbol COIN, with a valuation of $85 billion.
- Investors therefore consider the overall evolution of the crypto market as a key indicator for anticipating the value of Coinbase’s stock.
- Coinbase earns commission fees for transacting crypto-assets and the volume of transactions on the exchange like any other exchange.
Shares in cryptocurrency exchange Coinbase recently rose to $380, reclaiming valuations last seen on its Nasdaq debut on April 15, 2021, according to data source TradingView. Investors can gain exposure to the cryptocurrency industry through cryptocurrency stocks without making a direct investment in cryptocurrencies. Moreover, the company started moving more sophisticated Coinbase Pro accounts or the seasoned investors to a new and advanced platform named “Advanced Trading” in November 2022. Since its IPO, the share price of COIN has been trending downward, and cryptocurrency has recently taken a beating. The live Coinbase stock price today is $247.90 with a 24-hour trading volume of $6,233,075.00.
Bitcoin will be ‘top performer’ in 2026 after getting crushed this year, says VanEck
Moving averages are indispensable tools for analyzing a stock’s price. For investors, understanding and monitoring the variations in Coinbase’s stock is necessary. Since its listing, the COIN stock has experienced significant fluctuations.
Coinbase Adds Stock Trading, Kalshi Prediction Markets, Solana DEX Access In ‘Everything App’ Push
This increase in stock price values Circle at approximately $20 billion. Upgrades to Coinbase’s developer tools via CDP, alongside efforts to connect onxcritical functionality with traditional finance through tokenization and on/off-xcriticals, bolster the company’s ambition to be an “operating system” for onxcritical activity, the analysts said. The analysts also pointed to payments and money-transfer utility tied to stablecoin USDC and newer x402 payments as steps toward diversifying revenue and enabling fresh use cases such as agentic commerce. Coinbase announced the $2.9 billion acquisition of crypto options exchange Deribit in May. He noted that direct deposit features and crypto lending could help Coinbase gain traction as a primary financial account, though competing with traditional banks for paycheck deposits will be a challenge.
How Does COIN Differ from Other Crypto Equities?
- Coinbase was founded in 2012 as a fully regulated and licensed cryptocurrency exchange for all the states in the U.S.
- The exchange offers a wide range of features for users, such as custodial accounts for institutions, a platform for buying and selling dozens of digital assets with high liquidity in the market.
- Long-term growth forecasts, based on cryptocurrency adoption, also influence investment decisions.
- “This is a major milestone in our plan to enable 24/7 trading of stocks and ETFs from anywhere in the world, powered by crypto,” said Max Branzburg, Coinbase’s head of consumer and business products.
- In April 2021, Coinbase opted for a direct listing on Nasdaq under the symbol COIN.
Its mission is to facilitate access to cryptocurrencies by offering intuitive tools and enhanced security. With over 110 million users worldwide, Coinbase is one of the leading companies in the crypto sector. Editor-in-Chief at Coinpaper, scaling data-driven editorial ops, SEO-led discovery, and audience-first storytelling across crypto, AI, and fintech. Don’t miss out and join our newsletter to get the latest, well-curated news from the crypto world!
Coinbase Direct Listing Gets $100B+ Valuation as Share Price Jumps in Nasdaq Debut
US-registered FinTech company offers innovative trading and investing solutions. As Coinbase prepares to go public, the company has $90 billion in assets and 43 million registered users as of January. Although Coinbase has been a darling for regulators and has avoided hackers better than most crypto startups, the company has had its fair share of controversy. Then there’s Coinbase Wallet, a crypto wallet and browser which allows users to manage and trade crypto assets, as well as pay other users. According to Coinbase, Custody has more assets under management than any other crypto custodian. While Coinbase is the company’s brokerage, Coinbase Pro is designed for professional traders to buy and sell crypto.
You can see the number of cryptocurrencies and check in on their xcritical price. It also acts as a digital wallet to store all your cryptocurrencies in one unified site, similar to a bank application. Since its launch, it has become the largest centralized crypto exchange in the US. Instead of conducting a traditional initial public offering (IPO), Coinbase decided to choose a direct listing of its Class A common stock. The US largest and most popular digital exchange Coinbase went public.
In an interview with CNBC’s “Money Movers” on Wednesday, Circle Chief Policy Officer Faryar Shirzad said the GENIUS Act could help with regulatory clarity and lead to a wave of investment across the stablecoin sector. Reconciling the two could take a while, especially as House Republicans weigh attaching a broader market structure package, according to congressional aides. Both prohibit yield-bearing consumer stablecoins, but diverge on who regulates what.
Select market data provided by ICE Data Services. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. A newsletter built for market enthusiasts by market enthusiasts. Rachel Lucio is a professional journalist and former financial services consultant with more than 20 years experience writing on national news, local government, business, and law. With its focus on expansion and diversifying, Coinbase may be too volatile for value investors. That said, Coinbase has taken steps to diversify its revenue streams, reducing its reliance on pure trading volume.
Competitors have outlined plans to launch or have launched their own prediction market offering this year. Kalshi and main rival Polymarket have announced a series of strategic partnerships this year with companies including Google and UFC. The company laid the groundwork for this new super ecosystem back in July, when it rebranded its wallet app to an “everything app,” adding apps, social networks and chat features in the process. Branzburg said the additions advance Coinbase’s broader goal of building an “everything exchange.” As part of the expansion, Coinbase will integrate with Solana DEX aggregator Jupiter, allowing users to swap Solana tokens directly within the app without leaving the platform. We’ve spent weeks analyzing LivLive’s whitepaper, presale data, and community sentiment to come up with our honest take on where L…
The crypto market and Bitcoin could experience a dramatic boost with Coinbase’s direct listing. This milestone is quite significant for the crypto-space, as it will put digital assets in the most important market globally, giving it a broader space in the mainstream. After its listing, the exchange should release new financial information about the outside capital that flocks to the company. At first, Coinbase only allowed Bitcoin trading, but soon it began adding other crypto assets. Now that it is officially a publicly-traded company, new assets arriving on the platform could see an even more dramatic boost in price. The day before Coinbase debuted, many cryptocurrencies saw a major surge in price, as the firm is the largest exchange in the US, and the first of its kind to trade in the public market.
After the event started, all eyes were on the process, with the community eager to know what does the listing mean for the industry. If you don’t know what you are doing, trading or investing can cause you to lose all of your money. All trading or investment decisions are fully on responsibility of the account owner and include but are not limited to any kind of loss of capital.
