Coinbase's choppy day one
Coinbase's highly anticipated public listing finished with a bit of a whiff.
What happened: Cryptocurrency exchange platform Coinbase initially blew past a $100 billion valuation — more than Target, Zoom or CVS (for context) — before ending the day around $86 billion.
- It's still triple the market cap of Nasdaq, which owns the exchange where Coinbase is now listed.
In the meantime: Prices of bitcoin and meme cryptocurrency Dogecoin soared to record highs Thursday.
🎧 New episode of Axios Re:Cap ... Coinbase president Emilie Choi on mainstreaming crypto. Listen here.