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How to buy Coinbase (COIN) stock

Here's everything we know so far about today's Coinbase IPO.

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Wednesday, April 14: Shares of COIN debuted Wednesday at $381 after the Nasdaq issued a $250 reference price Tuesday. The stock quickly skyrocketed to $429.54 but fell back to close at $328.28. We’ll update this page as new information becomes available.

Tuesday, April 13: The Nasdaq issued a reference price for the expected April 14 Coinbase offering at $250 per share, which would value the company at about $65 billion, CNBC reported.

Monday, April 12: Bitcoin jumped back over $60,000 days before Coinbase’s direct listing, which is scheduled for Wednesday, April 14. Market insiders believe Coinbase’s listing will be a catalyst for a bitcoin and broader cryptocurrency surge.

Friday, April 9: Coinbase this week announced a huge gain in first-quarter revenue, possibly giving a boost to its initial public offering expected April 14. Revenue for the quarter came in at $1.8 billion, more than it earned in all of 2020, according to BusinessWire.

Friday, April 2: Coinbase has announced via Twitter that it expects to launch its offering in a direct listing April 14 on the Nasdaq under the symbol “COIN.”

Friday, March 19: Coinbase plans to delay the public launch of its direct listing until April, reports Bloomberg.

Wednesday, March 17: Coinbase is expected to offer 114.9 million shares in its direct listing, the company said in an amended registration statement filed with the US Securities and Exchange Commission. The direct listing could value Coinbase at more than $100 billion.

Thursday, March 11: Coinbase announced that private trading of its shares last week suggests a $90 billion valuation, up about $13 billion from February when shares were trading around $303 apiece.

How to buy shares in Coinbase

Before you can invest in Coinbase, you'll need to open a brokerage account.

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – COIN – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

Coinbase stock is now publicly available to purchase. Here's how you can buy in.

What we know about the Coinbase IPO

Coinbase, a digital currency exchange, completed its direct listing, debuting on the Nasdaq at $381 per share. Shares quickly jumped to $429.54, but settled to just under $400 after the stock began trading.

WATCH: Coinbase IPO explained — How to buy shares

Coinbase’s balance sheet

Coinbase is the largest cryptocurrency exchange in the US, with over 43 million verified users and $90 billion in platform assets. Its global network is over 115,000 partners strong and spans 100 countries. Private trading of its shares in March 2021 suggests a $90 billion valuation, up $13 billion from its February valuation.

With the release of Coinbase’s S-1 filing, we were able to take a closer look at the company’s financials.

As of December 31, 2019As of December 31, 2020
Coinbase revenue$533.7 million$1.27 billion
Coinbase net income (loss)($30.3 million)$127.4 million

In 2019, Coinbase reported $533.7 million in revenue and a net loss of $30.3 million. In 2020, its revenue rose to $1.27 billion and it reported a profit of $127.4 million.

Rising revenue and falling losses is a promising trend — so long as Coinbase can continue its profit-making trajectory. But no investment is free from risk and the inherent volatility of the crypto sector may prove a determining factor in Coinbase’s profitability.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Coinbase can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

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Buying ahead of the IPO

For investors looking for a play ahead of the IPO, crypto and derivatives exchange FTX is offering CBSE contracts tied to Coinbase’s market cap, which convert to tokenized shares after the offering. They aren’t available in the US or on FTX’s U.S. site, FTX.US.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
FTX Cryptocurrency Exchange
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

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cryptocurrencies

FTX.com, which is a separate entity to FTX.US, allows customers to trade CBSE, which are pre-IPO contracts to track Coinbase’s market cap. After Coinbase's first day of public trading, they convert into the equivalent amount of tokenized Coinbase fraction stocks. Note: Not available for US customers.
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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