Coinbase shares top $250 direct listing price for the first time in over two years
Coinbase shares entered nearly forgotten territory Friday as the stock price exceeded the company's initial direct-listing price of $250.
Coinbase's prospects have improved along with the crypto market's. In the past year, as the prices of cryptocurrencies, especially bitcoin, increased, so has the U.S.-based exchange's share price.
Coinbase's shares are now up more than 350% when compared to one year ago when it was trading at $53.44, according to Yahoo Finance.
