It was a big day for the crypto space with Coinbase making its public debut. Investors discuss what it could mean for the company and broader crypto markets.
It was a big day for the crypto space. Cryptocurrency exchange Coinbase opened at $381 a share, up 52% from its reference price. The stock closed its first day of trading at $328. Here’s what investors are saying about the company and the stock now. Sarah Kunst, managing director of Cleo Capital, explains the significance of the debut. « The thing that is not debatable is that this is a huge success story for crypto overall, and what we’re seeing here is the first major IPO, the first IPO ever really, for a crypto company, for a crypto exchange in the U.S. And I think that no matter what happens with their stock price minute to minute or over the next few quarters, this milestone is the first of many and crypto companies are here to stay even in the public markets.
