FTX listed Coinbase Pre-IPO product CBSE, the price once rose to 296 US dollars

Rhythm BlockBeats news, on December 22, the encrypted derivatives trading platform FTX launched Coinbase Pre-IPO product CBSE, the current price is 230 US dollars, and the highest price is 296 US dollars. The product tracks the price by dividing Coinbase’s market capitalization by 250 million shares. If calculated according to the current price of 230 US dollars, the market value of Coinbase has reached 57.5 billion US dollars. Its market cap once peaked at $74 billion.

According to the official introduction of FTX, if Coinbase is successfully listed, then at the end of Coinbase's first public trading day, the balance of CBSE will be converted into an equal amount of Coinbase share certificates. If Coinbase does not go public by June 1, 2022, CBSE will cash out at $32, which is in line with a previous valuation of $8 billion.

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