Coinbase Global seesawed on Thursday following a volatile trading debut, with momentum building around the stock even as some in the market struggled to place a value on the biggest US cryptocurrency exchange.

After initially spiking as much as 6.4%, a choppy session saw shares close down 1.7% at US$322.75 ($430.90). Nearly 40 million shares changed hands in Thursday’s session, making it among the most actively traded companies with a market value above US$25 billion.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook