Coinbase
Coinbase

Coinbase Closes Day 1 of Trading as the World’s Most Valuable Exchange

  • Coinbase (COIN) closed the first day of trading at a value of $328
  • Coinbase closed the first day of trading COIN as the most valuable exchange in the world
  • Coinbase managed to eclipse the CME Group, the Hong Kong Exchanges and Clearing, and ICE
  • The market cap of COIN has also exceeded that of Binance Coin (BNB)

Yesterday, April 14th, marked the first day of trading of the highly anticipated stock of Coinbase (COIN). A quick glance at Tradingview reveals that on its first day of trading, Coinbase (COIN) reached a high of $428.94 and a low of $310. The stock went on to close trading at a value of $328 as seen in the chart below.

Coinbase Closes Day 1 of Trading as the World's Most Valuable Exchange 16

Coinbase (COIN ) Closes Day 1 as the Most Valuable Exchange in the World

Despite Coinbase (COIN) closing the day lower than it opened, the digital asset exchange succeeded in setting a new milestone in terms of being the most valuable exchange in the globe.

According to CompaniesMarketcap.com, Coinbase closed its first day of trading at a market capitalization of $87.38 Billion as seen in the screenshot below.

Coinbase Closes Day 1 of Trading as the World's Most Valuable Exchange 17

From the rankings above, it can be observed that Coinbase’s market capitalization at yesterday’s close exceeded that of known global exchanges such as the CME Group, Hong Kong Exchange and Clearing, Intercontinental Exchange (ICE), the London Stock Exchange, Deutsche Borse, Nasdaq and the CBOE.

Coinbase (COIN) Exceeds the Market Cap of Binance Coin (BNB)

At a market cap of $87.38 Billion, Coinbase (COIN) also eclipses the market capitalization of Binance Coin (BNB) at $85.565 Billion. This comparison is made with the assumption that BNB may be used to measure the value of the digital asset exchange of Binance.

Binance Postpones Listing COIN Stock Token

Yesterday, the digital asset exchange of Binance was set to list a tokenized version of the Coinbase (COIN) stock.

However, at the last moment, the team at Binance announced that they were postponing listing the token due to market volatility exhibited on the first day of trading COIN. The exchange will announce a new date for the COIN/BUSD pair to open for trading.