Coinbase, one of the most popular cryptocurrency exchanges, is going public today. The direct listing will value the company at around $100 billion and make it one of the most valuable startUPS in the world.
The Coinbase IPO symbol is “COIN.” The stock will begin trading on the NAsdaq under the ticker symbol “COIN” today.
Coinbase is one of the most popular cryptocurrency exchanges and allows users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The company also offers a wallet for storing cryptocurrencies.
The Coinbase IPO comes as Bitcoin has surged in popularity and price in recent months. The cryptocurrency was trading above $63,000 today, just hours before Coinbase’s listing was set to begin.
The listing will make Coinbase CEO Brian Armstrong one of the richest people in the world. Armstrong owns about 22% of Coinbase’s shares.
Coinbase is one of the most anticipated IPOs of the year and will likely be one of the largest tech IPOs ever. The company is seen as a bellwether for the cryptocurrency industry as a whole.
The Coinbase IPO is a major milestone for both the company and the cryptocurrency industry. It remains to be seen how successful the stock will be in trading today and in the weeks to come.