Coinbase stock is trading at around $220, near an all-time low
June 22, 2021, 1:11PM EDT
1 min read
Shares of exchange operator Coinbase hit an all-time low on Monday as the crypto market sees a slowdown.
The Coinbase stock is currently down 49% from its all-time high of nearly $430, reached on its listing day in mid-April. The stock is trading at just below $220 at the time of writing. It hit a low of $210 on Monday.
Coinbase was listed on Nasdaq on April 14, becoming the first major cryptocurrency company to go public in the U.S. The company's stock has experienced significant volatility in these two months in the range of $208-$430.
Ark, whose CEO Cathie Wood was called “Wall Street’s hottest hand” earlier this year by the Wall Street Journal, has bought a total of nearly 7 million Coinbase shares to date, worth more than $1.5 billion at current prices.
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.
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