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Coinbase opens trading at $102 billion valuation

Apr. 14, 2021 05:36PM EST
Dan Ackermann

Cryptocurrency exchange Coinbase opened trading on Wednesday at $381 per share, giving it a fully diluted market value of around $102 billion.

Why it matters: This is a slight premium to the most recent private trades for Coinbase stock, and more than 50% higher than the reference price set last night by the Nasdaq.

The big picture: Coinbase's public listing has been among the most anticipated in recent years, with expectations it will garner a massive market cap.

Go deeper: Cryptocurrency giant Coinbase heads to Wall Street

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Rubio says he's "not concerned" about mail-in voting in Florida

Sen. Marco Rubio (R-Fla.) said in a Trump campaign press call on Saturday that he's "not concerned" about the safety of mail-in voting in Florida.

Why it matters: President Trump has blasted mail-in voting as unsafe and subject to fraud ahead of the 2020 election. The coronavirus pandemic has increased the push for mail-in voting as Americans look to socially distance and avoid crowded polling places.

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