Cryptocurrencies are here to stay. Few people could have predicted the stratospheric progression they have experienced in recent years (and those who did have become millionaires). Since the end of 2020, cryptocurrencies and bitcoin in particular have been grabbing the headlines after reaching all-time highs. Today they make history again thanks to the fact that the cryptocurrency trading platform Coinbase is going public.
This American startup is the largest cryptocurrency exchange in the country. According to Bloomberg data, it was valued at $ 67.6 billion, and Nasdaq set a first reference price of $ 250 per share before debuting on the exchange.
These figures are much lower than those that we have finally seen: a starting price of $ 381, that rose at first almost reaching $ 430, before finally decreasing to $ 328.28, giving the company an estimated market value of 86,000 million. Despite this bittersweet debut, Coinbase is already one of the 85 most valuable companies in the United States.