Coinbase Valuation Shoots to Nearly $100 Billion USD in Nasdaq Debut

Cryptocurrency exchange Coinbase made its debut on the Nasdaq Stock Market on Wednesday, with shares opening at $381 USD.The direct listing rose the company's valuation to just under $100 billion USD on a fully-diluted basis, according to CNBC, a milestone for the expanding cryptocurrency market. The reference price for the shares set by Nasdaq was $250 USD.Today is a big milestone for Coinbase and an even bigger milestone for crypto. Thank you to our employees and customers for getting us here....