One of the largest cryptocurrency exchanges made its public offering on Nasdaq yesterday. The shares opened very high at $381 a share, which was 52% above the reference price. In the next minutes, they quickly soared to $428.95. The company was worth a whopping $100 billion for a few minutes.
However, the buyers quickly decided to sell and the price went down to $390 minutes later. Finally, COIN.US closed at $328.28 per share valuing the crypto exchange at $85.8 billion.
SimpleFX traders benefited from the high volatility. Coinbase was the most popular symbol on our platform. The 10 traders with the highest trading volumes won $1,000 credited to their trading accounts.
Here’s the complete list of the winners.
Coinbase will be one of the hottest companies for a while, and its valuation will influence cryptocurrency markets. Make sure you trade COIN.US on SimpleFX today. The stock price went up almost 7% to $351 at 8 a.m. ET in the premarket trading today.