As one of the largest cryptocurrency exchanges in the United States, Coinbase has been a driving force in pushing digital assets into the mainstream. Founded in 2012, Coinbase allows users to buy, sell, and store cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
In addition to being a cryptocurrency exchange, Coinbase is also a digital wallet where users can store their cryptocurrencies.
Coinbase went public on April 14th via a direct listing on the NAsdaq. This was a highly anticipated event as Coinbase is one of the most well-known and used cryptocurrency exchanges in the world.
When trading opened, Coinbase stock was priced at $381 per share and closed the day at $328.28 per share.
So, how much will Coinbase stock be worth? It is difficult to predict the future price of any stock, let alone a newly public company like Coinbase. However, given Coinbase’s strong brand recognition, user base, and growth potential, it is reasonable to expect that the stock price will continue to increase over time.