The NASDAQ stock exchange on April 20 will launch trading in options on shares of the cryptocurrency exchange Coinbase, RBC Crypto writes with reference to 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 started trading on NASDAQ on April 14. 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. Today in the US premarket, the stock is trading at $ 332.
Earlier it became known that the top managers and directors of Coinbase on the first day of trading sold their shares of the crypto exchange for $ 3.6 billion. Major transactions were carried out by the CEO of the platform Brian Armstrong, as well as members of the board of directors Fred Wilson and Mark Andreessen.