By Harry B. - Crypto - 15-04-2021
From market fluctuations to being the foremost valuable U.S. exchange, here's how Coinbase's first day of trading compares to that of other firms.
Coinbase, a major cryptocurrency exchange platform within the United States, went public on Wednesday with an instantaneous listing on NASDAQ.
Coinbase stock, which trades under the ticker "COIN," opened at $381, which was substantially more than the $250 pre-listing reference price.
On a rocky and volatile first day, COIN hit a high of $429.54 before falling to $310.44. Coinbase stock closed at $328.28 on the primary day of trading. In terms of valuation, Coinbase currently includes a diluted market capitalization of $85.8 billion. The market cap puts the corporation over $10 billion before the CME, America's second-most profitable exchange.
Coinbase's NASDAQ listing, like Facebook's almost a decade ago, was arguably a massive win for the securities market.
In May 2012, the social media behemoth went public with an initial public offering on the NASDAQ. Facebook's first trading day, like Coinbase's, saw wild stock price activity, possibly down to the listing coincided with a decline within the U.S. stock exchange.
An 18% increase within the Facebook stock price on the rear of initial excitement quickly gave thanks to a significant decline. At the tip of the primary day, Facebook was trading just $0.23 above its IPO price.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards