Coinbase Goes Public in Landmark Direct Listing on Nasdaq

Coinbase, the leading U.S.-based cryptocurrency exchange, has officially gone public through a direct listing on Nasdaq, marking a major milestone for the digital asset industry. The stock debuted under the ticker COIN, opening at a price of $381 per share, giving the company a market capitalization of nearly $100 billion at its peak.

This move is widely seen as a watershed moment for crypto adoption, signaling mainstream recognition of digital assets as a legitimate asset class. The listing also boosted confidence across the industry, with Bitcoin and Ethereum prices rallying in response. Analysts view Coinbase’s debut as a strong indicator of growing institutional interest, though they warn of potential volatility as the crypto market remains highly speculative.