Coinbase Global: Stellar Pick-And-Shovel Equity Play On Crytpocurrencies – Investing.com
- Date: 16-Aug-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Coinbase Global: Stellar Pick-And-Shovel Equity Play On Crytpocurrencies – Investing.com
This article was written exclusively for Investing.com.
On the first day of its public listing, Apr. 14, 2021, Coinbase Global (NASDAQ:) stock reached a high of $429.54 per share. The leading cryptocurrency exchange’s market cap rose to the $100 billion level, higher than the market caps of both the Chicago Mercantile Exchange (CME) and the Intercontinental Exchange (ICE).
The CME and ICE are well-established trading platforms with years of history before their respective IPOs in 2002 and 2005. Coinbase’s products have only been around for a decade.
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