Coinbase Goes Public with Direct Listing on Nasdaq
- Centralized Exchange
- Market Structure
Coinbase, the largest U.S. crypto exchange, made history with its direct listing on Nasdaq under the ticker COIN. The company reported a blowout Q1 profit of $730-800 million just days before, hyping CT into a frenzy over mainstream adoption. Shares opened at $381, valuing Coinbase at over $85 billion, a massive win for crypto legitimacy. This was a defining moment for CT, proving the industry could play ball with Wall Street.