Nasdaq private market data shows that Coinbase valuation exceeds $100 billion

As the price of Bitcoin rises, the average clearing transaction price of shares of major cryptocurrency exchange Coinbase on the Nasdaq private market continues to rise.

Data from Nasdaq’s private market shows that the average liquidation price of Coinbase’s equity in the secondary market this week was $373 per share. At this price, the company’s value would reach $100.03 billion.

Nasdaq Private Market launched a secondary market for Coinbase shares on Jan. 25, allowing shareholders with vested interests to sell their shares. Nasdaq Private Market provides services to companies preparing for their initial public offerings, including “managed liquidity programs for pre-IPO companies looking to raise secondary capital for shareholders and investors.”

The average liquidation price of Coinbase shares at the time was just $200, and the current price is 85% higher than before, which shows that deep-pocket investors are eager for Coinbase's equity before Coinbase's direct listing on Nasdaq.

The secondary offering of Coinbase shares allows former employees and investors of the crypto exchange to sell their shares. The secondary offering begins on Monday morning and ends on Thursday afternoon each week. The auction and liquidation process takes place after the close of trading, with the results announced on Friday morning.

Coinbase's listing is one of the most watched events in the crypto industry in 2021, which means that the crypto industry has been truly accepted by mainstream investors. (Bitpush)