Estimated reading time: 0 minutes, 24 seconds

COIN Trading Has Begun, Opening Day a Mixed Bag

Coinbase shares closed down 1.68% after its first day of trading. The cryptocurrency exchange was valued for a brief time at more than $100 billion at its high point of the day, but ultimately closed at $85.8 billion. So reports CNBC.

arrow 306811 640 small“Coinbase made estimated revenues of $1.8 billion in the first quarter of 2021, a ninefold increase from the same period a year earlier, while profits surged from $32 million to between $730 million and $800 million,” according to the article.

Read the full article from CNBC

Read 2042 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.