Investors coin it in ten-fold on Coinbase listing – is crypto here to stay?

Coinbase's listing on Nasdaq last week is likely to give institutional investors pause for thought, drawing crypto sceptics closer over the long-term but also sounding alarm over the short-term risk from drawdown in the price of crypto. For early investors in Coinbase, including some in Asia, however, there were fortunes to be made last Wednesday (April 14) as the cryptocurrency exchange debuted on the Nasdaq at $381 a share, with a valuation of $85.8 billion. While the stock pr…