Coinbase’s COIN stock listing and anticipation around Bitcoin ETF offerings will lead to the next phase of institutionalization of Bitcoin and crypto markets, according to experts.
Coinbase is the first U.S.-based exchange to obtain a green light for the direct listing of its shares. COIN will begin trading on NASDAQ this Wednesday.
The pre-market tokenized version of the stock is trading at a $140 billion valuation on FTX. The value is two times higher than the New York Stock Exchange (NYSE) and six times more than the NASDAQ’s valuation.
