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Cryptocurrency exchange Coinbase surges in Nasdaq debut as Bitcoin hits record high – ABC News
Shares in cryptocurrency exchange Coinbase jump on listing to value the company at $US86 billion as Bitcoin hits a record high of nearly $US65,000. Australian shares…
Shares in cryptocurrency exchange Coinbase Global have soared in its volatile trading debut on Wall Street before the company finally closed with a value of $US86 billion ($111 billion).
Key points:
- Coinbase’s market value swung wildly before landing at $US86 billion
- Bitcoin jumps to nearly $US65,000 per coin before falling back to above $US62,000
- The Dow Jones index rises 0.2pc to 33,731, S&P 500 falls 0.4pc to 4,125, and Nasdaq falls 1pc to 13,858
During trade Coinbase’s market value swung from…
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