Bitcoin on Edge as it Awaits First Coinbase Trade

coinbase nasdaq listing april 14 2021

Bitcoin has become somewhat volatile as the crypto world gets its first introduction to stock listing. The currency dropped to $62,600 at one point following an absence of any stock trading once the bell opened at 9:30AM New York time. Filling the vacuum, Coinbase futures on crypto exchange FXT were taken by some as indicative of the stock price, with such futures falling from $620, to first $550 and currently $475 at the time of writing. As it happens, however, there still has been no trade at the time of writing, but there has been a bid and ask. No one can currently buy the share at this current price as we’re still at pre-IPO despite the bell ringing about an hour ago. It may actually take another hour or so until they figure out opening price in this direct listing as unlike in an Initial Public Offering (IPO) where…

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