KINGS OF CRYPTO

Founded in San Fancisco in 2012,

Coinbase is the first major cryptocurrency company to list its shares on a US stock exchange. Its size means that its stock is likely to be held by mainstream index funds, giving average investors (indirect) exposure to the world of crypto

$250

was Coinbase’s expected opening or reference price

$730m-$800m

is the estimated net profit Coinbase made on $1.8bn in revenue in the first quarter of this year

40m Coinbase shares

are owned by CEO and founder Brian Armstrong, making his stake worth roughly $13bn $85.7bn was the value of Coinbase based on its closing share price of $328.28 on April 14, the day it listed on the Nasdaq $500m-plus is what Coinbase has raised from venture capital investors, who last privately valued it at $8bn. Its largest shareholders are Andreessen Horowitz, Tiger Global and Paradigm

0.6% was Coinbase’s revenue

from trades this year, compared to 0.009% for the Nasdaq and 0.011% for ICE

$64,000 was the record price bitcoin reached in the run-up to the Coinbase listing - it dropped to $61,939 later that day. Its value has risen 450% in the past six months

$310-$429

was the stock’s trading range on day one of its direct listing, reflecting the volatility of cryptocurreny prices

Cryptocraze $26bn is the market cap

of the Nasdaq and $67bn the value of Intercontinental Exchange (ICE), the parent company of the New York

Stock Exchange

Coinbase cryptocurrency platform