#Coinbase Stock Nears All-Time High With 42% Year-to-Date Rally


COIN shares hit a fresh 52-week high of $369.25 on Wednesday, coming within 2% of its record closing price from November 2021.


The #crypto exchange stock has surged 133% from its April low during #Trump's tariff announcement sell-off.


Coinbase now commands an $89.6 billion market cap, making it one of the most valuable crypto-focused companies.


The rally follows rising $BTC prices above $107,000 and pro-industry regulatory developments under the Trump administration.


First-quarter revenue grew 24.2% year-over-year to $2.03 billion, with subscription and services revenue up 36.3% to $698.1 million.


Stablecoin income drove much of the growth as the $USDC partnership with #Circle continues to strengthen.


COIN briefly reclaimed the top spot in VanEck's digital assets equity index after Circle's IPO surge to over $200 per share.


The #cryptocurrency exchange has benefited from steady institutional adoption and expectations of regulatory clarity.

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June 25, 2025 at 11:08 PM
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