Log in

🎄 Cryptonary Christmas Sale! 50% OFF. Save $500 Now Only ⏰ : 0d 15h 39m 49s

News

Coinbase officially launches on the NASDAQ stock exchange, trades above $420

Updated: Aug 31, 2024
Published: Apr 14, 2021
0
Share:

Cryptocurrency exchange Coinbase is now officially trading on the NASDAQ stock exchange, becoming the latest high-profile crypto company to trade publicly. It began trading at $380 but immediately surged to a high above $420.

Post Feature Image

Coinbase now trading on NASDAQ

US-based cryptocurrency exchange, Coinbase, is now officially a publicly-listed company after its shares began trading on the NASDAQ stock exchange a few minutes ago. Its entry is the biggest so far in the cryptocurrency sector as it has an initial valuation of over $100 billion.

Trading under the ticker COIN, Coinbase’s shares are exchanging hands for roughly $420 on NASDAQ at the time of writing. The launch price was $380 but the shares surged to a daily high of $429.

Coinbase’s launch, though not via an initial public offering (IPO), is a great victory for the cryptocurrency space. Most analysts and cryptocurrency experts believe that cryptocurrencies are going mainstream, and developments such as this emphasize that fact.

The cryptocurrency exchange has been around since 2012 and has benefited from the massive rise of Bitcoin, Ethereum, and several other cryptocurrencies. Earlier today, Cryptonary reported that NASDAQ set an initial reference price of $250 for the stock. However, it began trading on NASDAQ at $380 and the price surged above $420 within minutes.

With over 255 million shares, Coinbase was expected to have an initial valuation of roughly $64 billion. Coinbase gifted its employees 100 shares each, which is worth over $42,000 at the current price.

Coinbase’s listing comes after a successful quarter

The cryptocurrency exchange pulled perhaps its most successful quarter earlier this year after recording nearly $2 billion in revenue. The $1.8 billion Coinbase generated in the first quarter of 2021 surpasses the $1.3 billion it generated in the entire 2020.

Coinbase and other crypto exchanges have recorded massive revenues thanks to an extended cryptocurrency market bull cycle that began last year. Bitcoin dropped below the $4,000 mark in March 2020 due to the Coronavirus pandemic but rose higher to end the year below $30,000.

The bull cycle continued, with the leading cryptocurrency setting a new high above $64,000 yesterday. Ether, Binance Coin (BNB), and several other altcoins all touched new all-time highs as retail and institutional investors trooped into the market.

With Coinbase going public, more crypto exchanges are expected to do the same over the coming months or years. Kraken has already revealed that it intends to launch an IPO before the end of the year.

Continue reading by joining Cryptonary Pro

Save 50%

$997 $497/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Recommended from Cryptonary
BTC, ETH and More: Key Levels Tested Again Across Majors
PRO
Market Updates
BTC, ETH and More: Key Levels Teste...Markets are moving fast, but direction remains elusive. Price has been active across majors, sweepin...
10 min read
Dec 19, 2025
Market Pulse: Bitcoin's Security Under Debate
Market Pulse
Market Pulse: Bitcoin's Security Un...Speculation around quantum computing threats to Bitcoin is ramping up, shaking confidence just as ri...
2 min read
Dec 19, 2025
AMA with Adam & Abror: 18th december
PRO
Livestreams
AMA with Adam & Abror: 18th decembe...In this conversation, Abror and Adam discuss the recent inflation data and its impact on the market,...
1 min read
Dec 19, 2025