Wednesday, March 19, 2025

Coinbase valuation surpasses oil giant BP

Cryptocurrency exchange firm Coinbase hit a market value of nearly $100 billion in its stock market listing, higher than many blue-chip companies including BP. Shares debuted on Nasdaq at $381 but closed below $330. The listing was seen as the latest step toward cryptocurrencies gaining wider acceptance among traditional investors, the BBC reports. The price of Bitcoin hit a record high of more than $63,000 today ahead of the Coinbase listing. Coinbase, which makes money primarily by charging transaction fees, had more than 56 million users across more than 100 countries and held some $223 billion in users’ assets at the end of March.

 

https://www.bbc.com/news/business-56750102

BIG Media
BIG Media
Our focus is on facts, accurate data, and logical interpretation. Our only agenda is the truth.
spot_img

BIG Wrap

US Chief Justice Roberts slams call to impeach federal judge

(Al Jazeera Media Network) The leading authority on the United States Supreme Court has issued a rare statement rebuking US President Donald Trump for...

Putin agrees to halt strikes on Ukraine energy targets for 30 days, Kremlin says after call with Trump

(BBC News) Vladimir Putin has agreed to halt strikes on Ukraine energy targets for 30 days, after a lengthy phone call with Donald Trump. ...