Today, on April 14, is the first trading day for Coinbase shares. Founded back in 2012, Coinbase Global, Inc. is the largest US's crypto exchange by trading volume, and the first crypto business that goes public. Coinbase is currently valued at $66.50B, which is due to the rising BTC and ETH price.
Coinbase is the first large company to list directly in the NASDAQ, as Spotify, Slack, Palantir, Asana, and Roblox all got listed in the New York Stock Exchange.
Coinbase initial price is $250 per share, which is 27% less than the latest Coinbase transaction in the private market ($343.58). The basic price takes both the public data and the market sentiment into account. MoffetNathanson, an investment bank, set the $600 price as a target for the year.
How to Buy Coinbase Shares?
You can do it both through the Freedom24 platform and with Freedom24 iOS and Android apps. The trading is starting in two hours after the US market opens. You cannot get your market orders placed in the first trading day, so use limit orders instead.
Freedom24 Web Platform: Type COIN.US (Coinbase ticker in the NASDAQ) in the search box and select Coinbase Global, Inc. in the results. Open a secure session in the trading window on the right, specify the price, select the number of shares you want to buy, and click Buy.
Freedom24 iPhone or Android App: Go to the Price screen and tab the search icon in the top right corner. In the search dialog that will show up, type COIN.US (Coinbase ticker in the NASDAQ) and select Coinbase Global, Inc. in the search results. You will then see the stock in the market watch; tap it and go to the Order tab in the dialog that shows up. Specify the price and the number of shares you want to buy then click Buy.
Please note: In order to trade with Freedom Finance, you need to have an investment account with us. If you don't have one yet, open it now!