Here's how Coinbase stock performed on its first full day of trading_老虎社区_美港股上老虎

Here's how Coinbase stock performed on its first full day of trading

Yahoo Finance2021-04-16

Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut. Shares fell 1.7% to end at $322.75, reversing earlier gains of as ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

JeffreySeow
·2021-04-18
Coinbase indeed is growing very fast... They need to quickly improve on the infrastructure with so more users climbing onto the cryptocurrency platform
回复
点赞
举报
Juliantotans
·2021-04-16
good news
回复
1
举报
收起
- Juliantotans:
  yes
  2021-04-16
  回复
  举报
JaNice
·2021-04-16
Good read
回复
2
举报
收起
- Deont:
  Yes
  2021-04-17
  回复
  举报
- JaNice:
  Yea
  2021-04-18
  回复
  举报
WTurtle
·2021-04-16
I’m in are you?
回复
点赞
举报
luvnotwar
·2021-04-16
To the moon
回复
点赞
举报
AhSon
·2021-04-16
In Bitcoin we believe!
回复
点赞
举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1130533623?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-04-16 13:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1130533623","market":"us","top_or_hot":-1,"title":"Here's how Coinbase stock performed on its first full day of trading","media":"Yahoo Finance","content":"<div>\n<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as ...</p>\n\n<a href=\"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html\">网页链接</a>\n\n</div>\n","source":"yahoofinance_sg","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's how Coinbase stock performed on its first full day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's how Coinbase stock performed on its first full day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 13:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as ...</p>\n\n<a href=\"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html","article_id":"1130533623","we_media_id":null,"thumbnails":[],"rights":{"source":"yahoofinance_sg","url":"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html","rn_cache_url":null,"customStyle":"","selectors":"article, body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1130533623","pubTimestamp":1618552280,"columns":[],"sourceInfo":{"source_id":"yahoofinance_sg","name":"Yahoo Finance"},"weMediaInfo":null,"summary":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile tradin","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"以下是Coinbase股票在第一个全天交易中的表现","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9},"content_text":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.\n\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.\n\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"\nOthers, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).\n\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.\nCoinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"\nChoppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.\nThe logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton\nBut recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.\n\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.\nHowever, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.\n\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"\n\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.\nCoinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":379661250,"gmtCreate":1618729775370,"gmtModify":1634291208014,"author":{"id":"3581749246947141","authorId":"3581749246947141","name":"JeffreySeow","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581749246947141","authorIdStr":"3581749246947141"},"htmlText":"Coinbase indeed is growing very fast... They need to quickly improve on the infrastructure with so more users climbing onto the cryptocurrency platform","listText":"Coinbase indeed is growing very fast... They need to quickly improve on the infrastructure with so more users climbing onto the cryptocurrency platform","text":"Coinbase indeed is growing very fast... They need to quickly improve on the infrastructure with so more users climbing onto the cryptocurrency platform","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/379661250","repostId":1130533623,"repostType":4,"repost":{"id":"1130533623","kind":"news","pubTimestamp":1618552280,"share":"https://www.laohu8.com/m/news/1130533623?lang=&edition=full","pubTime":"2021-04-16 13:51","market":"us","language":"en","title":"Here's how Coinbase stock performed on its first full day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1130533623","media":"Yahoo Finance","summary":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile tradin","content":"<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.</p>\n<p>Shares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.</p>\n<p>\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.</p>\n<p>\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"</p>\n<p>Others, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).</p>\n<p>\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.</p>\n<p>Coinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"</p>\n<p>Choppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1890949485927b987575160f860c6fa5\" tg-width=\"960\" tg-height=\"640\"><span>The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton</span></p>\n<p>But recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including&nbsp;Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and&nbsp;PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.</p>\n<p>\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and&nbsp;CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.</p>\n<p>However, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.</p>\n<p>\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"</p>\n<p>\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.</p>\n<p>Coinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's how Coinbase stock performed on its first full day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's how Coinbase stock performed on its first full day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 13:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as ...</p>\n\n<a href=\"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130533623","content_text":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.\n\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.\n\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"\nOthers, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).\n\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.\nCoinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"\nChoppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.\nThe logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton\nBut recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.\n\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.\nHowever, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.\n\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"\n\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.\nCoinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370106169,"gmtCreate":1618559368451,"gmtModify":1634292086274,"author":{"id":"3579167848320394","authorId":"3579167848320394","name":"Juliantotans","avatar":"https://static.tigerbbs.com/8ef95ca83ff749e3e3273525996642c1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579167848320394","authorIdStr":"3579167848320394"},"htmlText":"good news","listText":"good news","text":"good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/370106169","repostId":1130533623,"repostType":2,"repost":{"id":"1130533623","kind":"news","pubTimestamp":1618552280,"share":"https://www.laohu8.com/m/news/1130533623?lang=&edition=full","pubTime":"2021-04-16 13:51","market":"us","language":"en","title":"Here's how Coinbase stock performed on its first full day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1130533623","media":"Yahoo Finance","summary":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile tradin","content":"<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.</p>\n<p>Shares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.</p>\n<p>\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.</p>\n<p>\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"</p>\n<p>Others, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).</p>\n<p>\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.</p>\n<p>Coinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"</p>\n<p>Choppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1890949485927b987575160f860c6fa5\" tg-width=\"960\" tg-height=\"640\"><span>The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton</span></p>\n<p>But recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including&nbsp;Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and&nbsp;PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.</p>\n<p>\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and&nbsp;CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.</p>\n<p>However, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.</p>\n<p>\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"</p>\n<p>\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.</p>\n<p>Coinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's how Coinbase stock performed on its first full day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's how Coinbase stock performed on its first full day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 13:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as ...</p>\n\n<a href=\"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130533623","content_text":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.\n\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.\n\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"\nOthers, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).\n\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.\nCoinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"\nChoppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.\nThe logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton\nBut recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.\n\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.\nHowever, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.\n\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"\n\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.\nCoinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4051458,"gmtCreate":1618559381879,"gmtModify":1635737864943,"authorId":3579167848320394,"author":{"id":3579167848320394,"idStr":"3579167848320394","authorId":3579167848320394,"name":"Juliantotans","avatar":"https://static.tigerbbs.com/8ef95ca83ff749e3e3273525996642c1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370106169,"type":1,"supId":0,"prevId":0,"content":"<p>yes</p>","text":"<p>yes</p>","html":"<p>yes</p>"}],"langContent":"EN"},{"id":370359754,"gmtCreate":1618555430378,"gmtModify":1634292105839,"author":{"id":"3574939383328580","authorId":"3574939383328580","name":"JaNice","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574939383328580","authorIdStr":"3574939383328580"},"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/370359754","repostId":1130533623,"repostType":4,"repost":{"id":"1130533623","kind":"news","pubTimestamp":1618552280,"share":"https://www.laohu8.com/m/news/1130533623?lang=&edition=full","pubTime":"2021-04-16 13:51","market":"us","language":"en","title":"Here's how Coinbase stock performed on its first full day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1130533623","media":"Yahoo Finance","summary":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile tradin","content":"<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.</p>\n<p>Shares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.</p>\n<p>\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.</p>\n<p>\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"</p>\n<p>Others, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).</p>\n<p>\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.</p>\n<p>Coinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"</p>\n<p>Choppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1890949485927b987575160f860c6fa5\" tg-width=\"960\" tg-height=\"640\"><span>The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton</span></p>\n<p>But recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including&nbsp;Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and&nbsp;PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.</p>\n<p>\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and&nbsp;CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.</p>\n<p>However, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.</p>\n<p>\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"</p>\n<p>\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.</p>\n<p>Coinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's how Coinbase stock performed on its first full day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's how Coinbase stock performed on its first full day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 13:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as ...</p>\n\n<a href=\"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130533623","content_text":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.\n\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.\n\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"\nOthers, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).\n\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.\nCoinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"\nChoppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.\nThe logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton\nBut recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.\n\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.\nHowever, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.\n\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"\n\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.\nCoinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4057335,"gmtCreate":1618622350531,"gmtModify":1635737479859,"authorId":3572949737859102,"author":{"id":3572949737859102,"idStr":"3572949737859102","authorId":3572949737859102,"name":"Deont","avatar":"https://static.tigerbbs.com/b69cb3aef6e3479f1dd8cb3e0eda4f60","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370359754,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"},{"id":4066482,"gmtCreate":1618748748214,"gmtModify":1635736744539,"authorId":3574939383328580,"author":{"id":3574939383328580,"idStr":"3574939383328580","authorId":3574939383328580,"name":"JaNice","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370359754,"type":1,"supId":4057335,"prevId":0,"content":"Yea","text":"Yea","html":"Yea"}],"langContent":"EN"},{"id":370367034,"gmtCreate":1618553841328,"gmtModify":1634292114014,"author":{"id":"3561975721283567","authorId":"3561975721283567","name":"WTurtle","avatar":"https://static.tigerbbs.com/f365603f5d6014baec364bc1bdd93afd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3561975721283567","authorIdStr":"3561975721283567"},"htmlText":"I’m in are you?","listText":"I’m in are you?","text":"I’m in are you?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370367034","repostId":1130533623,"repostType":4,"repost":{"id":"1130533623","kind":"news","pubTimestamp":1618552280,"share":"https://www.laohu8.com/m/news/1130533623?lang=&edition=full","pubTime":"2021-04-16 13:51","market":"us","language":"en","title":"Here's how Coinbase stock performed on its first full day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1130533623","media":"Yahoo Finance","summary":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile tradin","content":"<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.</p>\n<p>Shares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.</p>\n<p>\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.</p>\n<p>\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"</p>\n<p>Others, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).</p>\n<p>\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.</p>\n<p>Coinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"</p>\n<p>Choppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1890949485927b987575160f860c6fa5\" tg-width=\"960\" tg-height=\"640\"><span>The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton</span></p>\n<p>But recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including&nbsp;Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and&nbsp;PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.</p>\n<p>\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and&nbsp;CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.</p>\n<p>However, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.</p>\n<p>\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"</p>\n<p>\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.</p>\n<p>Coinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's how Coinbase stock performed on its first full day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's how Coinbase stock performed on its first full day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 13:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as ...</p>\n\n<a href=\"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130533623","content_text":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.\n\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.\n\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"\nOthers, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).\n\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.\nCoinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"\nChoppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.\nThe logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton\nBut recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.\n\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.\nHowever, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.\n\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"\n\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.\nCoinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370362797,"gmtCreate":1618553636619,"gmtModify":1634292115537,"author":{"id":"3574252639453979","authorId":"3574252639453979","name":"luvnotwar","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574252639453979","authorIdStr":"3574252639453979"},"htmlText":"To the moon&nbsp;","listText":"To the moon&nbsp;","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370362797","repostId":1130533623,"repostType":4,"repost":{"id":"1130533623","kind":"news","pubTimestamp":1618552280,"share":"https://www.laohu8.com/m/news/1130533623?lang=&edition=full","pubTime":"2021-04-16 13:51","market":"us","language":"en","title":"Here's how Coinbase stock performed on its first full day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1130533623","media":"Yahoo Finance","summary":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile tradin","content":"<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.</p>\n<p>Shares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.</p>\n<p>\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.</p>\n<p>\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"</p>\n<p>Others, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).</p>\n<p>\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.</p>\n<p>Coinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"</p>\n<p>Choppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1890949485927b987575160f860c6fa5\" tg-width=\"960\" tg-height=\"640\"><span>The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton</span></p>\n<p>But recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including&nbsp;Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and&nbsp;PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.</p>\n<p>\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and&nbsp;CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.</p>\n<p>However, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.</p>\n<p>\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"</p>\n<p>\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.</p>\n<p>Coinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's how Coinbase stock performed on its first full day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's how Coinbase stock performed on its first full day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 13:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as ...</p>\n\n<a href=\"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130533623","content_text":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.\n\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.\n\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"\nOthers, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).\n\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.\nCoinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"\nChoppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.\nThe logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton\nBut recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.\n\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.\nHowever, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.\n\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"\n\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.\nCoinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370387104,"gmtCreate":1618552834108,"gmtModify":1634292120368,"author":{"id":"3562559237461627","authorId":"3562559237461627","name":"AhSon","avatar":"https://static.tigerbbs.com/93b572e6d31fbbe91fbc1aeca083aee9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3562559237461627","authorIdStr":"3562559237461627"},"htmlText":"In Bitcoin we believe!&nbsp;","listText":"In Bitcoin we believe!&nbsp;","text":"In Bitcoin we believe!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370387104","repostId":1130533623,"repostType":4,"repost":{"id":"1130533623","kind":"news","pubTimestamp":1618552280,"share":"https://www.laohu8.com/m/news/1130533623?lang=&edition=full","pubTime":"2021-04-16 13:51","market":"us","language":"en","title":"Here's how Coinbase stock performed on its first full day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1130533623","media":"Yahoo Finance","summary":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile tradin","content":"<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.</p>\n<p>Shares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.</p>\n<p>\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.</p>\n<p>\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"</p>\n<p>Others, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).</p>\n<p>\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.</p>\n<p>Coinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"</p>\n<p>Choppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1890949485927b987575160f860c6fa5\" tg-width=\"960\" tg-height=\"640\"><span>The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton</span></p>\n<p>But recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including&nbsp;Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and&nbsp;PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.</p>\n<p>\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and&nbsp;CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.</p>\n<p>However, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.</p>\n<p>\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"</p>\n<p>\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.</p>\n<p>Coinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's how Coinbase stock performed on its first full day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's how Coinbase stock performed on its first full day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 13:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as ...</p>\n\n<a href=\"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/how-coinbase-direct-listing-stock-cryptocurrency-bitcoin-is-doing-debut-134743395.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130533623","content_text":"Coinbase Global (COIN) shares ended lower Thursday afternoon, extending a stretch of volatile trading after the stock's public debut.\nShares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. A day earlier,Coinbase shares closed at $328.28, falling 14% from an opening price of $381. Shares reached as much as $429.54 during Wednesday's afternoon session in the minutes immediately following Coinbase's opening trade.\n\"They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community,\" Michael Sonnenshein,Grayscale Investments CEO, told Yahoo Finance.\n\"I think it's likely to lift valuations across crypto companies,\" he added.\" And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy.\"\nOthers, however, remained concerned over Coinbase's valuation. Based on Coinbase's closing price on Wednesday, the company commanded a fully diluted valuation of about $86 billion following its direct listing. That gave Coinbase, the largest cryptocurrency exchange in the U.S., a larger market capitalization than other major legacy exchanges, including the Intercontinental Exchange (ICE), CME Group (CME) and the Nasdaq (NDAQ). At session highs on Wednesday, Coinbase's valuation exceeded $112 billion, nearing the market capitalization of Goldman Sachs (GS).\n\"It may be the right stock, but just the wrong price right now, hence the volatility,\" David Nelson, chief strategist at Belpointe Asset Management,told Yahoo Finance.\nCoinbase stock is one of the few ways equity traders can invest in bitcoin, said Nelson, adding \"there are other stocks out there to do it. I've told clients out there — both institutional and retail — if you want to play crypto, go out and buy crypto assets.\"\nChoppiness in shares of Coinbase spilled over to bitcoin (BTC-USD) as well. The largest cryptocurrency by market capitalization fell about 1% Thursday after to trade below $63,000, retreating from its record high of more than $64,800 reached just a day earlier. Ethereum (ETH-USD), however, jumped to a record high, rising more than 3% to top $2,400.\nThe logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton\nBut recent volatility aside, many strategists maintained that Coinbase's public debut marked a watershed moment for cryptocurrency, reflecting the culmination of months of accelerating institutional adoption. Companies including Tesla(TSLA),Square(SQ),BNY Mellon(BNY) and PayPal(PYPL) have either added significant holdings of bitcoin to their balance sheets or begun facilitating transactions in cryptocurrencies, and legacy banksMorgan Stanley(MS) andGoldman Sachs(GS) recently announced they would begin offering bitcoin exposure to their wealth management clients. And while the U.S. Securities and Exchange Commission has not yet approved exchange-traded funds directly holding bitcoin or other cryptocurrencies,many believe a change in stanceis looming.\n\"This is the beginning of what I consider the new financial system. Coinbase is the leader here in building this new financial system. Clearly, it's evolved to a point where there's no turning back,\" Ross Gerber, president and CEO at Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance. \"This is just a momentous moment for the crypto business and industry, and finance in general, as an entirely new set of leaders.\nHowever, with increased interest has also come the threat of competition. Coinbase makes the vast majority of its money via transaction fees from trades on its platform by retail and institutional users, and relies heavily on retail trading.\n\"Everybody's going to undercut Coinbase,\" added Gerber, whose firm has a partnership with Coinbase competitor Gemini. \"Ninety percent of their revenues are from the retail trader paying over 2% in commissions. It's an absurd amount. But it's an unregulated market with no competition.\"\n\"It's possible that [Coinbase's] margins are at the all-time high right now compared to what's going to happen over the next several years as real competitors like Gemini and Bittrex and Binance undercut them in costs,\" he added.\nCoinbase's revenue for the year ended Dec. 31 more than doubled to $1.3 billion. On the bottom line, Coinbase swung to a profit of $322.3 million for the full year 2020, versus a net loss of $30.4 million in 2019. For the first quarter of fiscal 2021,Coinbase estimated it would post net incomeof between $730 million and $800 million, compared to net income of just $32.26 million in the first three months of 2020.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":10,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}