https://www.entrepreneur.com/article/369404

Coinbase Global, Inc. (NASDAQ:COIN) starts trading publicly today after its direct listing, and meanwhile, the bitcoin price hit a new record high. Some are linking the bitcoin rally to Coinbase's direct listing, but other experts emphasize that they are two different things.

Coinbase's most recent private market valuation is $100 billion, so market watchers want to see whether it can reach that level on the public market. According to CNBC, if it does, it would become one of the 85 most valuable companies in the U.S.