The Coinbase IPO stock trading date is set for April 14, with the crypto exchange platform being listed on the NASDAQ. As a result, would-be investors are asking if they can buy Coinbase stock on Robinhood, with the trading app receiving more traction than ever these days in the wake of GME’s success.
So, will the Coinbase (COIN) IPO be available on Robinhood? Let’s take a look.
Can I buy Coinbase stock on Robinhood?
Yes, you will be able to buy Coinbase stock on Robinhood on April 14, 2021. The stock release date will take place during regular trading hours today, starting at 9.30 AM ET and concluding at 4 PM ET.
This is exciting news for investors, given that Coinbase is instrumental in the ongoing success of cryptocurrency such as Bitcoin, Dogecoin, and more. Crypto has experienced a huge boom in recent years, with Coinbase set to become the first major cryptocurrency company to public on the NASDAQ exchange.
Coinbase’s success goes hand-in-hand with the the increased popularity of cryptocurrencies such as Bitcoin, which has seen a mammoth rise since January 2021. At the start of the year, Bitcoin has exploded from being valued at $6,800 to now being worth over $60,000.
Coinbase pulled in $1.8 billion in revenue in the first quarter of 2021, compared to $200 million in the same time period in 2020. As a result, its public listing is being eyed carefully by investors, with some predicting that it will break records. Analysts at MoffettNathanson have predicted a $600 price target for Coinbase when the listing goes live.
In other news, Reddit’s most popular subreddits recently went private in protest against the site’s alleged “censorship.” NZXT also released the N7 B550 that finally brought with it AMD support. Apple is also rumored to be working on a brand new virtual reality headset to compete with Oculus, Valve, and more.