Coinbase rises day after rocky debut

Weds Co

15/04/2021 11:33

** Coinbase Global Inc  COIN.O  shares up 10.4% at $362.47
premarket, a day after cryptocurrency exchange's rocky Nasdaq
debut
    ** On Weds, COIN opened at $381, surged to session high of
$429.54 early on, then tumbled to low of $310 before finishing
session at $328.28  urn:newsml:reuters.com:*:nL1N2M72ZF
    ** Cathie Wood's Ark funds bought $246 mln worth of COIN
shares on Weds, according to the firm's daily trade summary
 urn:newsml:reuters.com:*:nL8N2M81JG
    ** With premarket move on Thurs, Coinbase's market cap is
just north of $70 bln, exceeding $66.5 bln market cap of
NYSE-owner Intercontinental Exchange  ICE.N , while Nasdaq Inc
 NDAQ.O  has ~$26 bln market cap, per Refinitiv data

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))