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Is Coinbase a watershed moment for the crypto industry?

Coinbase shares whipsawed Thursday, a day after the cryptocurrency exchange went public in a blockbuster direct listing. The cryptocurrency exchange was briefly worth as much as $100 billion in its Nasdaq debut. Coinbase’s direct listing was hailed as a “watershed” moment for the crypto industry.

What happened at Coinbase's IPO?

Coinbase employees spray champagne during the company’s initial public offering (IPO) outside the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Coinbase shares whipsawed Thursday, a day after the cryptocurrency exchange went public in a blockbuster direct listing.

Where can I buy cryptocurrencies in 2021?

The exchange was founded in June 2012 and went public on the NASDAQ stock exchange in April 2021 with a nearly $100 billion valuation. It offers buying, selling and trading of 50 different cryptocurrencies and crypto tokens. Other U.S.-based exchanges include Gemini and Kraken.

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