Coinbase Climbs 7% in Premarket Trading

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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.

Place Account no. Prize
1 44099 $300
2 255040 $200
3 84441 $100
4 30481 $57.14
5 136615 $57.14
6 60291 $57.14
7 267017 $57.14
8 215834 $57.14
9 278070 $57.14
10 122210 $57.14

Congratulations!

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.

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