THELOGICALINDIAN - Overzealous FTX users get austere as letters advance a awfully cheaper COIN on NASDAQ
While contempo letters apprehend COIN to accessible about $349 a share, pre-trading on FTX had alveolate the Coinbase banal at $640. A agitated repricing has back followed, with the asset falling added than 30% on the crypto trading platform.
FTX Users Overestimate COIN
After a abiding access in the aftermost few days, COIN/USD on FTX hit its best aerial aloft $640 a few hours ago. However, letters announcement COIN was accepted to accessible at $349 affronted a desperate bead on FTX.
The Nasdaq has provided a $250 advertence amount for the stock, appraisement it at $65.3 billion. However, as the aggregation chose to absolute list, there is no way to adumbrate the amount of COIN at the end of the day. On FTX, users fabricated the adventurous anticipation of assured up to $640 a share, which would amount Coinbase about $167 billion, in the same bracket as L’Oréal, NVIDIA, Oracle, or Adobe.
Following the above-mentioned tweet, however, the amount of COIN/USD has collapsed to $448, still decidedly college than the advertence price.
Disclaimer: The columnist endemic BTC, ETH, FTT, and a cardinal of added cryptocurrencies at the time of writing.
