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How to buy Coinbase (COIN) shares

Here's how you can invest in the popular cryptocurrency exchange platform.

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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. 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. That price is based on private market activity and doesn’t necessarily show where COIN shares will open in the market tomorrow. Recent direct listings have opened well above that price. It’s not yet clear when shares will begin trading.

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.

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.

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How to buy shares in Coinbase

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade US-listed stocks.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Coinbase. Find the stock by name or ticker symbol (for Coinbase this is COIN). Do your research and confirm it’s a solid investment for your financial goals.
  4. Purchase now or later. Buy with a market order or use a limit order to delay your purchase until Coinbases reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Coinbase, depending on your share trading platform.
  6. Check-in on your investment. Congratulations, you own a part of Coinbase. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Invest in more than 4,100 US companies and exchange-traded funds (ETFs). No minimum investment or monthly fees.
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Sharesies
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WATCH: Coinbase IPO explained

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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