March 29, 2024

NASDAQ Launches Stock Options Trading Coinbase Today

Options on the securities of the site will be launched in less than a week after its listing.

StockNASDAQ Exchange will launch options trading on April 20on the shares of the cryptocurrency exchange Coinbase, writes Reuters. The options will launch less than a week after Coinbase directly listed and went public. Options give you the right to buy or sell a share at a specified price on or before the expiration date.

Coinbase Stock Trades Launched On NASDAQ 14April. Immediately after the opening, the price of the securities was $ 381, with an established reference price of $ 250. Within a few hours, the shares rose in price by 12.5%, to $ 429.5, but then quotations began to decline and reached a local minimum of $ 315. The closing price on the first day was $ 328.28. As of 10:40 am Moscow time on April 20, the stock is trading at $ 332 in the US premarket.

Earlier it became known that top managers andOn the first day of trading, the Coinbase directors sold their shares of the crypto exchange for $ 3.6 billion. The platform's CEO Brian Armstrong, as well as board members Fred Wilson and Mark Andreessen, made major transactions.

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