Cryptocurrencies

Coinbase Tumbles From Opening Price in Nasdaq Debut

Coinbase Expected to List on Nasdaq Today

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By Drew Singer

April 14, 2021 at 2:16 PM UTC

Updated on

April 14, 2021 at 7:30 PM UTC

This article is for subscribers only.

Coinbase Global Inc. tumbled as much as 19% from its opening trade in its Nasdaq debut on Wednesday.

The largest U.S. cryptocurrency exchange fell to as low as $310 per share from $381. That original price had valued the company at more than $100 billion.