On December 6, 2017, Coinbase, one of the most popular cryptocurrency exchanges, opened at 381. This was significantly higher than the price of Bitcoin on other exchanges that day, which was around $17,000. So why did Coinbase open at 381?
There are a few possible explanations. First, it’s possible that Coinbase’s opening price was simply a mistake.
Given the large number of people who were trying to buy Bitcoin on December 6 (due to the hype around Bitcoin’s price reaching $20,000), it’s not surprising that an error could have been made.
Second, it’s possible that Coinbase deliberately opened at a higher price in order to take advantage of the situation. By doing so, they would have been able to sell Bitcoin to people at a higher price than what it was trading for on other exchanges.
NOTE: WARNING: Coinbase is a stock that has recently been volatile and unpredictable. Investing in Coinbase can be risky as the stock may not open at 381 and investors could potentially lose money. It is important to do research on the stock before investing and to have a plan for when the stock falls or rises. Furthermore, it is important to be aware of the risks associated with investing in cryptocurrencies, such as changes in regulations, fluctuations in market value, and risk of hacking or theft.
This would have been a very profitable move for Coinbase, but it would have angering a lot of people who thought they were getting a good deal only to find out that they could have gotten a better deal elsewhere.
Third, and this is the most likely explanation in my opinion, is that Coinbase opened at 381 because that was the price of Bitcoin on their GDAX exchange at the time. GDAX is owned by Coinbase and is one of the most popular cryptocurrency exchanges. On December 6, the price of Bitcoin on GDAX reached $19,000 before suddenly crashing down to around $12,000.
It’s possible that when Coinbase opened for trading on December 6, they used the prices from GDAX as their starting point. This would explain why their prices were so much higher than other exchanges.
Whatever the reason may be, it’s clear that Coinbase’s opening price on December 6 was very unusual. It caused a lot of confusion and anger among people who were trying to buy Bitcoin that day.
Hopefully in the future Coinbase will be more clear about why their prices are different from other exchanges.
10 Related Question Answers Found
In the past year, the price of OMG has increased dramatically. This is due to a number of factors, including the increasing popularity of the Ethereum blockchain, which OMG is built on, and the increasing use of OMG tokens for transactions on the Ethereum network. Coinbase, one of the leading cryptocurrency exchanges, recently listed OMG on its platform.
There are a few reasons why someone might want to work at Coinbase. First, Coinbase is one of the most well-known and respected companies in the cryptocurrency industry. This means that working at Coinbase would give someone a lot of credibility in the space.
In December of 2017, Coinbase, one of the most popular cryptocurrency exchanges, experienced a major outage that left users unable to access their accounts or execute trades. The outage was caused by an issue with the underlying infrastructure that Coinbase uses to power its exchange. While the issue was resolved relatively quickly, it highlights the fragility of the infrastructure that supports the still-nascent cryptocurrency industry.
There are a few reasons why someone might want to work for Coinbase. First, Coinbase is one of the most popular and well-known cryptocurrency exchanges. This means that there is a lot of interest in the company, and it is always in the news.
Coinbase is one of the most popular cryptocurrency exchanges and allows users to buy and sell cryptocurrencies. However, Coinbase also charges fees for its services. Why does Coinbase charge so much?
In February of this year, Coinbase, one of the most popular cryptocurrency exchanges, announced that it would be rolling out support for buying and selling Bitcoin (BTC) and Ethereum (ETH) with U.S. dollars on its platform. This was big news for the crypto community, as it meant that Coinbase would finally be allowing its users to buy and sell cryptocurrencies with fiat currency.
If you’ve ever used Coinbase, you know that it’s a digital currency exchange that allows you to buy and sell cryptocurrencies. But what you may not know is that Coinbase also offers a text messaging service. The service, which is called Coinbase SMS, allows users to receive updates on their account activity and prices of the cryptocurrencies they are interested in.
If you’re a Coinbase user, you may have recently gotten an email from the company that looks like this:
“We’re sorry, but we can no longer provide services to residents of the state of New York.”
If you live in New York, this probably came as a surprise. After all, Coinbase is one of the most popular and well-funded cryptocurrency exchanges in operation today. So why would they suddenly stop serving customers in your state?
Coinbase is one of the most popular cryptocurrency exchanges and allows users to buy and sell cryptocurrencies. The company has been in operation since 2012 and is headquartered in San Francisco, California. Coinbase allows users to buy and sell Bitcoin, Ethereum, Litecoin, and other cryptocurrencies.
In 2018, Coinbase made its first major acquisition when it bought Earn.com for $100 million. The following year, it bought Neutrino for $13 million and Xapo for $55 million. These acquisitions helped Coinbase expand its services and build out its infrastructure.
