One Week After Listing, How is Coinbase’s COIN Doing On Nasdaq?

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Coinbase listing has been considered a historic event in the crypto community. On April 14, one of the largest crypto exchange and trading platforms in the world made its debut on Nasdaq via a direct listing. The impact of this was a surge in crypto prices, with Bitcoin going up to $64,800 a day before the listing went live. At the end of the first quarter, the company released its explosive report on its earnings. Trading volumes topped $335 billion in the Q1 which was massive in comparison to 2020’s trading volume which was $193 billion. Total assets on Coinbase’s platform increased from $90 billion to $223 billion, nearly a 150% increase quarter-over-quarter. Active users on Coinbase also jumped from 2.8 million in the fourth quarter of 2020 to 6.1 million in the first quarter of 2021. Upon listing, COIN’s reference price was set at $250. Just minutes after it…

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