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Coinbase may be too profitable for its own good Coinbase’s sharemarket debut is a big moment in many ways. But investors need to be aware its fat profit margins will make it a target.   Updated Save Share The successful sharemarket debut of Coinbase is an important moment for all sorts of reasons, but it would have brought particularly large smiles to faces around Sydney on Thursday morning. Simon Cant, Danny Gilligan and Rohen Sood, the top trio at Westpac-backed venture capital firm Reinventure, would have the biggest grins given Reinventure is an investor in the cryptocurrency ...

Apr 15, 2021 04:26 GMTCrypto News Coinbase was finally listed on the Nasdaq on April 14, with its opening price at $381. The explosive price surge was short-lived as the stock was hit with volatility and closed 14% below its opening price. The crypto exchange could face massive competition in the future, with lower transaction fees offered.  Major cryptocurrency exchange Coinbase finally started trading on the Nasdaq on April 14. Marking a watershed moment for cryptocurrencies, Coinbase became the first major exchange for having its shares publicly traded.  Coinbase stock closely tied to c...

Photo by Steve Jennings/Getty Images for TechCrunch This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Shares of Coinbase have been volatile since going public on Wednesday. New Constructs' David Trainer said its valuation should be 71% lower than current levels. Trainer also said speculation around the stock is another indication of a broader bubble. The direct listing of Coinbase, a cryptocurrency trading platform, has not disappointed in terms of simply being a spectacle.  I...

Coinbase tumbles 19% in trading debut as valuation hovers around $100 billion Emily GraffeoApr 16, 2021, 01:01 IST Coinbase CEO Brian ArmstrongAnthony Harvey / Stringer Coinbase on Wednesday tumbled as much as 19% in its trading debut on the Nasdaq. The direct listing had a $250-per-share reference price, and opened at $381 before hitting an intraday high of $429.54. It then reversed gains, trading as low as $310. Coinbase is the first major cryptocurrency exchange to go public. Shares of Coinbase tumbled as much as 19% on Wednesday in its hotly anticipated trading debut on the Nasdaq befor...

Coinbase Soars In Market Debut Roanoke Times (Roanoke, VA) Wall Street, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion. U.S. Federal Reserve. Digital currencies are being incorporated into business plans and accepted for payment by major corporations like Tesla, PayPal and The San Francisco-based company's listing on a public stock exchange is seen by some as an inflection point for digital currencies, as Coinbase's fortunes are closely tied to Bitcoin, the most popular cryptocurrency. Bitcoin's price topped $64,0...