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Bitcoin hits a brand new all-time excessive above $ 63,000 forward of Coinbase debut

The Coinbase application for exchanging cryptocurrencies that appears on the screen of an iPhone.

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Bitcoin hit a new record high of more than $ 63,000 on Tuesday as investors awaited the highly anticipated debut of the Coinbase cryptocurrency exchange.

Bitcoin price rose to $ 63,729.5 on Tuesday, according to Coin Metrics. It was last traded just under $ 63,000. Ether, the second most important digital coin after Bitcoin, also set a new record, rising to $ 2,317.

Coinbase will go public on Wednesday via a direct listing that could value the company at up to $ 100 billion – more than major operators of trading venues like Intercontinental Exchange, owners of the New York Stock Exchange. Crypto investors are hailing the company's public debut as a major milestone for the industry after years of skepticism from Wall Street and regulators.

"This is really good and very important to the industry," Marcus Swanepoel, CEO and co-founder of the London-based cryptocurrency platform Luno, told CNBC. "It will increase trust and transparency in our industry."

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