The Coinbase application for exchanging cryptocurrencies that appears on the screen of an iPhone.
Bitcoin hit a new record high of more than $ 62,000 on Tuesday as investors waited for the highly anticipated debut of the Coinbase cryptocurrency exchange.
The price of Bitcoin rose more than 4% in the past 24 hours, reaching $ 62,718, according to Coin Metrics. Ether, the second most important digital coin after Bitcoin, also set a new record, rising to $ 2,210.
Coinbase is expected to go public on Wednesday and could be worth up to $ 100 billion – more than major operators of trading venues like Intercontinental Exchange, owners of the New York Stock Exchange. Crypto investors are hailing the company’s public debut as a major milestone for the industry after years of skepticism from Wall Street and regulators.