Coinbase Shares Gain 1.4% on Oct. 20; COINUSDT Mark Price Was 172.132 After Close

Coinbase shares closed at about $170.80 on Oct. 20, up about 1.4%. Binance’s COINUSDT perpetual had a recorded mark price of 172.132 Tether (USDT) at 5:20 p.m. ET (21:20 UTC), after the stock market’s 4 p.m. ET (20:00 UTC) close.

The readings cover different instruments and times, so they are not directly comparable. COINUSDT tracks Coinbase common stock, trades around the clock and settles in USDT. Holding the contract does not give a trader ownership of Coinbase shares.

The later reading follows earlier weakness in COINUSDT trading. Coinbase plans to release its third-quarter results Oct. 29 after the U.S. market closes.