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Coinbase is focusing on a $ 89 billion valuation on Nasdaq debut

© Reuters. FILE PHOTO: FILE PHOTO: A representation of the virtual currency Bitcoin and US dollar bills in one dollar is shown in front of a stock graph in this illustration

(Reuters) – Coinbase Global Inc stocks should jump 36% above their reference price on Wednesday's cryptocurrency exchange debut. This is the latest sign of the surge in interest and trading in Bitcoin and other digital currencies.

At 10:12 a.m. ET, the company's stock was reported to open at $ 340, after a reference price of $ 250 per share.

At the quoted price, the digital asset exchange would be valued at around $ 89 billion.

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