The Reference Price Per Share For Coinbase Is Set To $ 250
Coinbase shares, the largest cryptocurrency exchange in the US, will begin trading on Wednesday. Nasdaq set and announced the price today before the launch of the public exchange under the "COIN" acronym for Coinbase, one of the largest exchanges for crypto. Goldman Sachs and Nasdaq decided on Wednesday that Coinbase shares would be traded at a reference price of $ 250 per share. Accordingly, considering that there are 266.2 shares, Coinbase will be listed with an average market capitalization of $ 66.5 billion.
Coinbase's price per share will be listed below what is expected. Before the price is adjusted, Coinbase stock (pre-public offering contracts) traded at $ 600 on exchanges like FTX will be listed on the Nasdaq at a price below expectations. However, given the set price, Coinbase will reach a value that will surpass even the largest banks in the world.
Founded in 2012, Coinbase is one of the most well-known cryptocurrency exchanges worldwide. Coinbase users are mainly interested in Bitcoin (BTC) and Ethereum (ETH). Coinbase said in a statement last week that its revenue increased by 847% in the first quarter to $ 1.8 billion and has 56 million verified users.
Before Coinbase was listed on Nasdaq, the cryptocurrency market cap exceeded $ 2 trillion. BTC and ETH hit a new ATH. Btc broke the all-time record, reaching $ 63,777. ETH, on the other hand, broke the all-time record, reaching $ 2318.
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