The scheduled delisting of Coinbase shares from the German Deutsche Boerse stock exchange appears to have been averted. The platform announced on Wednesday that Coinbase would be removed from the Xetra and Frankfurt stock exchanges this week after it was discovered the cryptocurrency exchange had not submitted proper reference data for its shares. The removal date…
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After much anticipation, Coinbase listed on the Nasdaq on Wednesday via a direct listing. Skybridge founder Anthony Scaramucci thinks the event should have been met with more attention from banks. “What I’m surprised about frankly is there isn’t a wake-up call at the banks, the commercial banks, like there was for the Netscape IPO in…
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r/Wallstreetbets, or WSB, a subreddit famous for organizing a pump for Dogecoin (DOGE) and the GameStop short squeeze, is enacting a crypto discussion ban after officially allowing the topic for a single day. Subreddit moderator u/bawse1 announced Thursday that WSB has now banned crypto discussions forever, following a Bloomberg article titled, “WallStreetBets Bows to Crypto.” Just…
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American crypto exchange giant Coinbase went public on Wednesday with a direct listing on Nasdaq. The company’s performance on day one has been hailed as being positive overall, with Coinbase becoming the most valuable exchange in the United States ahead of legacy players such as the Chicago Mercantile Exchange. Coinbase’s first day of trading was seen…
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Following months of build-up and speculation, Coinbase (COIN) listed on the Nasdaq and in true cryptocurrency fashion, opening day trading was a volatile affair that may have had a widespread effect on the cryptocurrency market. COIN’s reference price was initially $250 but the stock opened at $381 and rapidly rose to a high of around…
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Shares of digital currency exchange Coinbase (COIN) opened at $381 Wednesday — significantly higher than its pre-listing reference price of $250 — underscoring heightened institutional demand for the crypto-focused stock. The $381 value put Coinbase’s market capitalization at $99.6 billion on a fully diluted basis. The stock peaked at $429.54 for a gain of 71.8% from the…
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Trading has already begun on Coinbase’s COIN stock on the Nasdaq after weeks of anticipation following the U.S. exchange giant’s direct listing announcement. COIN began trading significantly higher than the $250 reference stock price assigned by Nasdaq prior to the market open, rising quickly to around $430. The price fell sharply within the first few…
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Shares of MicroStrategy (MSTR) surged to one-month highs on Tuesday, as Bitcoin’s (BTC) gravitational pull on crypto proxy stocks continued to strengthen following another record-breaking rally for the digital asset. Shares of the business intelligence firm touched an intraday high of $770 on the New York Stock Exchange, representing a gain of 10% – the…
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