Bitcoin approaches US$65000 with Coinbase listing fueling demand

in New York and spiked as high as US$429 in the first 10 minutes of trading before turning lower.

The listing is seen pushing crypto even more into the mainstream of investing, exposing legions of potential buyers to the digital asset class that have grown into a US$2 trillion industry in little more than a decade.

Coinbase is valued at US$64 billion as expected, roughly the size of the parent company of the New York Stock Exchange.

Growing mainstream acceptance of cryptocurrencies has spurred Bitcoin to a 120 per cent rally since December, as well as lifting other tokens to record highs.

The token was volatile during the morning, climbing as much as 2.7 per cent to US$64,869.

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