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Coinbase’s popularity among Reddit’s retail brigade topped GameStop and Tesla

The crypto exchange's debut outperformed other recent favourites, including Roblox, Airbnb and Palantir

Coinbase employees celebrate the company's IPO in New York
Coinbase employees celebrate the company's IPO in New York Photo: Getty Images

Retail investors lined up in droves to buy shares of cryptocurrency exchange Coinbase as it debuted on the Nasdaq, surpassing the popularity of many other major technology and “meme-stock” favourites.

Data from Breakout Point showed Coinbase’s listing attracted a horde of retail investors, higher than that flocking to other popular tech stocks including GameStop and Tesla. It also beat stocks including Airbnb, Roblox, Snowflake and Palantir.

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