Coinbase is set for a direct listing on the Nasdaq stock exchange today, April 14. According to CNBC, if the company debuts with a valuation of $100 billion, its latest private market valuation, it would be on the list of the 85 most valuable firms in the U.S.
The crypto exchange recently revealed its financial results for the first quarter of 2021. Coinbase reported a massive estimated revenue of around $1.8 billion and a trading volume of $335 billion.
According to the announcement from Binance, Coinbase Stock Token (COIN) will be listed on the world’s largest crypto exchange today, April 14. Users of the platform will be able to access trading pair COIN/BUSD and trade fractional Coinbase stock. Binance previously listed Tesla Inc. (TSLA) Stock Token.
Ahead of today’s Coinbase listing, Bitcoin’s price has increased on Tuesday to reach an all-time high of over $63,000. This brought its year-to-date price increase to over 110%, according to Business Insider. It could be the enthusiasm around the upcoming public debut of Coinbase or another factor. Yet, Bitcoin’s price continues upwards today. Its market cap is over $1.2 trillion, per Coin Market Cap data. Moreover, it is trading at around $64,600 at the time of writing.