Record numbers for “Coinbase” cryptocurrency exchange

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Close share priceQueens“Cryptocurrency trading has its beginnings on the New York Stock Exchange at $ 328.28 after the cryptocurrency exchange company entered the Nasdaq index on Wall Street on Wednesday. This number is much higher than the reference price of $ 250 that was traded on Tuesday evening.”

By doing so, this platform becomes for currency trading Bitcoin The highest-rated, at $ 86 billion, of an American company is on the stock exchange. The previous record was recorded by the company “Facebook”, which increased in its value Logistical To just over $ 81 billion in 2012 when it was initially listed.

Coinbase, which he founded in 2012 in San Francisco, Brian Armstrong, 38, a former Airbnb engineer, and Fred Ehrsam, a former Goldman Sachs broker, allows buying and selling about fifty cryptocurrencies, including It contains bitcoin and ether.

Armstrong, who has a 20 percent stake in the company and is CEO, is expected to join Forbes’ list of the world’s 100 richest men soon, according to the Wall Street Journal.

Prior to the listing of Coinbase on Wall Street, the value of Bitcoin continued to rise in recent days, peaking at nearly $ 65,000 on Wednesday.

Art Hogan of National Holding said, “The first day of listing does not allow any conclusions to be drawn. We will have to wait the first three months, to see if the stock will follow the fluctuations of cryptocurrencies.”

Although Coinbase has benefited from the boom in cryptocurrencies and virtual currencies, its field of activity raises the suspicion of regulators who are concerned about the use of cryptocurrencies for illicit purposes.

Armstrong acknowledged in an interview with “CNBC” Wednesday, that regulation was one of the main threats to the activity of cryptocurrencies, explaining: “Now that Coinbase has become a listed company, we will be subject to more scrutiny about what we do.”

On Wednesday, Federal Reserve Chairman Jerome Powell described cryptocurrencies as “speculative vectors.” “Nobody uses them for dollar-style payments,” he explained during a hypothetical conference.

(France Brush)





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