“They used to be revolutionary,” one former user said.
The purchases come a day after the Ark bought $246 million of the crypto exchange's shares during its Nasdaq debut.
Also, ether continued to move higher after the Berlin Fork.
An HSBC representative said the bank has “limited appetite to facilitate products or securities that derive their value from virtual currencies.”
Six archival posts that show the uncertainty of being a bitcoin startup in the early 2010s.
BTIG expects COIN to reach $500, calling it the "gold standard among digital asset exchanges."
Bitcoin takes a breather as billionaire investor Mike Novogratz warns of market correction.
Three Ark ETF funds bought over 749,000 shares of COIN.
But the impact on the market may be little.
Exchange executives worldwide say the direct listing could spur adoption and acceptance of crypto.
Also, 98 cryptocurrencies are now valued at more than $1 billion each.
Coinbase is the first of many crypto startups to go public. But, as crypto continues to eat traditional finance, will those listings matter?
Dogecoin doesn't trade on Coinbase but it has rallied ahead of the exchange's shares trading on the Nasdaq.
Historical experience shows that it might take until after noon ET for market makers to work out the price of the initial trade in a direct stock listing.
With COIN stock opening at $250 per share, it amounts to a $25,000 thank-you note to all Coinbase staffers.