Nasdaq to launch options trading for Coinbase Global Less tha | 🔖Texas .ton

Nasdaq to launch options trading for Coinbase Global

Less than one week after the largest crypto exchange in the U.S. was listed, Nasdaq is set to start trading options for Coinbase Global.

According to an April 19 Reuters report, a representative for Coinbase stated that the COIN.O options will start trading on Nasdaq on Tuesday, April 20.

The launch of equity options will offer a new way for investors to bet on the fortunes of Coinbase. Equity options represent the right, but not the obligation, to buy or sell a stock at a certain price, known as the strike price, on or before an expiration date.

The news follows Coinbase’s direct listing, which saw the firm's stock fluctuate between a valuation of $429.54 and $310 on its first day of trading.

https://cointelegraph.com/news/nasdaq-to-launch-options-trading-for-coinbase-global