Coinbase cryptocurrency exchange is valued at more than the value of the oil giant BP


Employees of Coinbase Global, the largest cryptocurrency exchange in the United States, display their listings on the NASDAQ Marketplace website in Times Square in New York, USA, April 14, 2021.

Photo released, Reuters

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Coinbase employees in New York before the cryptocurrency company was listed on the Nasdaq Stock Exchange

Coinbase, which operates the largest exchange for Bitcoin and other digital currencies, has achieved a market value of about $ 100 billion on the stock market list.

The company’s shares were offered for the first time on the stock exchange at a price of $ 381 a share.

The latest valuation puts Coinbase ahead of many well-known companies, including the British oil giant BP and other trading platforms.

This news is the latest evidence that digital currencies are gaining wider acceptance among traditional investors.


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