Pond Street Ledger

COIN

Coinbase. There are 4,268 of these tokens in existence, worth $795.6k between them. It trades.

$186.42
tracks the share
+3.86%
$1.0m
4,268
not shares outstanding
+27.10%
+15.40%
$139.89 – $875.92
token price, low to high

This is the contract on Robinhood Chain. Every figure on this page is derived from it and can be checked against it, which is the only reason we are comfortable publishing a page of numbers about somebody else's share price.

0x6330d8c3178a418788df01a47479c0ce7ccf450b

What you would actually own

A token, not a share. It tracks the price of Coinbasestock, and it is a claim arranged by an issuer rather than an entry on the company's share register: no vote, no direct dividend entitlement, and a counterparty between you and the equity. The supply figure above is the honest measure of how large this actually is — 4,268 tokens is a different order of magnitude from the company's shares outstanding, and conflating the two is the most common mistake made about this market. The longer answer.

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