Coinbase Inc. started trading at $384.45 per share on the Nasdaq on Wednesday, reaching the market capitalization of around $100.4 billion. It is trading under the ticker COIN. Coinbase, which decided to sidestep the initial public offering (IPO) and opt for a direct listing, surged 53.6% from its reference price of $250. The world’s two most well-known cryptocurrencies, Bitcoin and Ethereum, climbed to their new all-time highs the day before. Coinbase continued to rise, going for $420.34 at 1:33 pm ET, up 9.33% compared to the opening figure. The shares rocketed to $429.26 a minute later, before paring the spike. Nick Note: this valuation is ridiculous….. Goldman IS valued the same. But this proves that insanity is the order of the day. And their is plenty of money out their to fuel this stock market insanity…..