Following the results of last week, the shares of US company Coinbase Global have seen a meteoric rise. Such a rapid rally can be attributed to wise management as well as the favorable situation in the crypto market. The entire crypto industry has been breaking record highs for several months. Besides, it is currently demonstrating more or less steady growth.
The recent jump was facilitated by the listing of Coinbase Global shares on US exchanges. In general, over the past two years, the company's capitalization has increased tenfold. Importantly, after the IPO debut, the share price soared to $381 apiece. During the day the price reached $430 but later fell to $328.
At the end of the trading session, the market value of Coinbase Global totaled $85.7 billion. According to the last assessment conducted in October 2018, the company was estimated at $8 billion. Hence, Coinbase Global has become the first large crypto company to list its shares on US exchanges.
