NASDAQ, a major US stock exchange, has just announced it is starting to offer Coinbase Global options today, Reuters has reported.
The news comes just a week after US-based cryptocurrency exchange Coinbase began trading on the same exchange under the ticker COIN. The exchange's share price ranged from $429 to $310 during its first day of trading.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
One of the biggest beneficiaries of the company's listing on NASDAQ is its CEO Brian Armstrong, who sold about $292M worth of company shares.
According to Reuters, the exchange plans to begin listing COIN.O options today.
This new investment instrument will allow investors to bet on the future of the exchange. Equity options represent the right, but not the obligation, to buy or sell a stock at a specified price, known as the exercise price, on or before an expiration date.