Bitcoin at last check was up 1.1% at $60,489. Bitcoin reached a record $61,742 on March 13.
Other cryptocurrencies were also climbing Monday. Marathon Digital (MARA Get Report was up 6.4%, Bit Digital (BTBT Get Report was up 4.4%, Riot Blockchain (RIOT Get Report +6.1%, Ebang (EBON Get Report was up 2.1%, and Ault Global (DPW Get Report was up 1.9%
Coinbase Global, the largest U.S. cryptocurrency exchange, will make its trading debut Wednesday through a direct listing on the Nasdaq.
The IPO values the company at about $100 billion, more than the New York Stock Exchange and Nasdaq Stock Market combined, according to Bloomberg.
The company’s founders, Brian Armstrong and Fred Ehrsam, own stakes worth $15 billion and $2 billion, respectively, according to Bloomberg estimates.
Coinbase has 56 million verified users and adds about 13,000 new retail customers a day, according to cryptocurrency analytics firm Messari.
In filings for the share sale Coinbase disclosed that it had received a subpoena from the Securities and Exchange Commission.
The inquiry was related to XRP, the Ripple-created digital token that is the subject of an SEC lawsuit , Bloomberg reported, citing a person familiar with the matter. The agency alleges that it was sold as an unregistered security,
Last month, Tesla (TSLA Get Report Chief Executive Elon Musk said the company would accept bitcoin as payment for its electric vehicles. The company in February disclosed a $1.5 investment in bitcoin.
Musk also said that paying by Bitcoin would be available to customers outside the U.S. later this year.
Digital-payments company Square (SQ Get Report had also declared a commitment to Bitcoin.
Earlier this year, MicroStrategy (MSTR Get Report said it had bought another 19,452 bitcoin for $1.03 billion.
