Wrapped Coinbase Global Tokenized Stock (Backed): A Closer Look
The cryptocurrency market continues to evolve with innovative financial instruments, one of which is the Wrapped Coinbase Global tokenized stock (Backed). This asset represents a unique blend of traditional stock ownership and cryptocurrency technology, allowing investors to hold shares of Coinbase Global in a digital format.
As of August 20, 2025, the close price of the Wrapped Coinbase Global tokenized stock (Backed) stood at $302.572. This price reflects a significant fluctuation over the past year, with a 52-week high of $423.201 recorded on July 17, 2025, and a 52-week low of $292.896 on August 9, 2025. These figures highlight the volatility inherent in both the cryptocurrency and stock markets.
The market capitalization of this tokenized asset is currently $435,698,933 USD, indicating a substantial level of investment and interest from the market. This market cap is a critical metric for investors, as it provides insight into the overall value and stability of the asset.
The Wrapped Coinbase Global tokenized stock (Backed) operates within the cryptocurrency asset type, utilizing USD as its currency. This integration of traditional financial assets with blockchain technology offers a new avenue for investors to diversify their portfolios and engage with the stock market through a digital lens.
In summary, the Wrapped Coinbase Global tokenized stock (Backed) represents a significant development in the intersection of cryptocurrency and traditional finance. With its current market cap and price fluctuations, it continues to attract attention from investors looking to capitalize on the dynamic nature of both markets.