What Happened?
Shares of blockchain infrastructure company Coinbase (NASDAQ: COIN) jumped 10.1% in the morning session after sentiment in the crypto market improved as the company announced the official launch of U.S. stock and exchange-traded fund (ETF) trading for all users in the United States, a key milestone in its mission to become the world's first “Everything Exchange.”
This rollout enabled millions of customers to buy and sell equities alongside their cryptocurrency holdings within a single interface. To make the process easier, the company also partnered with Yahoo Finance, allowing users to go from research to trading with a simple click. Further boosting investor confidence, a key market indicator known as the "Coinbase Premium" turned positive. The stock's rise also occurred as the broader crypto market showed signs of renewed strength.
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What Is The Market Telling Us
Coinbase’s shares are extremely volatile and have had 52 moves greater than 5% over the last year. But moves this big are rare even for Coinbase and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 5 days ago when the stock gained 3.6% on the news that a landmark Supreme Court decision struck down a significant portion of President Trump's tariff agenda. The court, in a 6-3 ruling, found that the executive branch lacks the constitutional authority to unilaterally impose such levies without involving Congress. Investors reacted positively to the news, interpreting the removal of these trade taxes as beneficial for corporate earnings and the broader economy. Major indices, including the S&P 500, Dow Jones Industrial Average, and the Nasdaq 100, all climbed following the announcement. The ruling alleviates concerns about trade disputes and potential retaliatory measures, fostering a more stable environment for international commerce and boosting overall market sentiment.
Coinbase is down 23.5% since the beginning of the year, and at $181.03 per share, it is trading 56.9% below its 52-week high of $419.78 from July 2025. Investors who bought $1,000 worth of Coinbase’s shares at the IPO in April 2021 would now be looking at an investment worth $551.48.
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