By comparison, bitcoin prices have climbed 120% so far this year. “The Coinbase IPO validates digital assets and also demonstrates the paradigm shift towards digitalization is happening faster than most expected,” wrote Kevin Kang, founding principal of digital-asset hedge fund BKCoin Capital, in emailed comments.īinance coin boasts a market cap, based on the circulation of its coin, of nearly $88 billion and sees 24-hour volume of around $52 billion, according to, dwarfing Coinbase Pros 4 billion 24-hour volume.ĭogecoin hit a record at around 14 cents and has returned 2,614% so far in 2021, according to CoinDesk. Meanwhile, the biggest crypto platform Binance also was seeing its coin surge in private crypto platforms, up more than 50%. Want a crash course in the future of crypto on April 14? Register for MarketWatch’s free live event: Sign up here!Ĭoinbase’s listing has helped to fuel the fervor around crypto, highlighted by dogecoin’s Wednesday climb. Coinbase was given a reference price of $250 a share late on Tuesday evening, which values it at over $60 billion and some investors are anticipating that its value could exceed $100 billion on the top end of bullish estimates. Crypto broker Coinbase will begin trading on the Nasdaq Wednesday under the symbol “COIN” as a direct listing, and it’s seen as a watershed moment in digital assets, which were started back in 2009 with the inception of bitcoin.
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