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Sunday, May 16, 2021

Cryptocurrency exchange Coinbase Global value soars past LSE and Nasdaq

Cryptocurrency exchange Coinbase Global value soars past LSE and Nasdaq

At present, the world's biggest stock exchange in terms of market cap is the Hong Kong Exchanges and Clearing, valued at$75.6 billion, followed by American bourse CME Group, valued at $74 billion
The market value of cryptocurrency exchange Coinbase Global has outpaced those of many traditional stock exchanges. On Wednesday, the company became the biggest and first US cryptocurrency exchange to list following an initial public offering (IPO).

The exchange’s market capitalisation rose to as much as $112 billion before settling at $65.4 billion. At present, the world’s biggest stock exchange in terms of market cap is the Hong Kong Exchanges and Clearing, valued at$75.6 billion, followed by American bourse CME Group, valued at $74 billion.
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