Benefit from the share price movements without exchanging your crypto assets into fiat. Trade tokenised Coinbase shares with Bitcoin or Ethereum. Opening a trade will give you a token that tracks and moves according to the underlying instrument’s price. Tokens are underpinned by robust and immutable blockchain technology. Trading tokenised Coinbase shares on the tokenised assets exchange has a number of advantages. Why trade tokenised Coinbase shares with ? Trading in tokenised assets on also allows for traders to benefit from the leverage offered on the platform, up to 1:20 leverage. If you think the Coinbase stock value will decrease you can take a short position and if you think it will increase you can take a long position. Trading tokenised assets based on the Coinbase stock price lets you take a long or short position depending on whether you feel the price today is over or under-valued based on the price chart. The use of this technology allows tokenised asset trading to be efficient, inexpensive and secure. This technology allows trading using crypto without the need to convert back and forth with fiat currency, saving exchange fees. The token is registered using distributed ledger technology (DLT) the same way cryptocurrency is recorded. Tokenised assets are crypto derivatives whose value is linked to the value of a particular asset, in this case the Coinbase share price. Traders looking to buy Coinbase stock using the tokenised platform are able to profit from upward or downward movements in the Coinbase stock price without having to invest directly. Traders are also able to purchase derivatives based on the Coinbase share price, such as CFDs or options. Those looking to buy Coinbase stock can buy it directly through the exchange, through a broker or indirectly through an index which includes COIN. How to buy Coinbase stockĬOIN stock trading occurs on the Nasdaq Stock Market. While the performance of the company is influenced by the prices of cryptocurrency, the business model employed generates income through transaction fees each time it is used and the Coinbase share price is not completely correlated to rising and falling crypto prices. The company has a market cap of roughly $60bn as investors await the initial financial reports since the company went public. While its estimated first-quarter results for 2021 reports total revenue of approximately $1.8bn and net income of $730m-$800m. An income statement released by the company in February, prior to the IPO, shows that it generated quarterly revenues of $1.27bn with a net income of $322.3m. The Coinbase stock price chart shows that in the early weeks the price fluctuated between $282.07 and $429.54. There was a high degree of volatility during the opening weeks and the company was trading at an average volume of 7.5 million shares a day near the end of April 2021. The Coinbase share price history is relatively limited as the company only went public recently. There was some volatility in the initial weeks, with the price falling below $300 towards the end of April in 2021. The level of investor interest in the company is demonstrated by the huge volume of trades on its first listed day, with more than 81 million shares swapping hands. Opening at a price of $381, the stock quickly climbed to a high of $429.54 before closing at $328.28 on its first day of trading. The company went public in an initial public offering (IPO) on 14 April 2021. The company was founded by Brian Armstrong and Fred Ehrsam and has quickly grown to become the largest crypto exchange operating in the US with more than 7,000 institutional clients and over 56 million verified users. The company provides technological and financial infrastructure allowing users to buy, store, spend and earn cryptocurrencies on a secure platform. Coinbase Global is the parent company of, a US-based, multinational online cryptocurrency exchange founded in 2012.
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