Coinbase Shares Surge with Stablecoin Regulation in Sight

Coinbase Global, Inc. (COIN) closed at a record high of $375.07 on June 26, 2025, surpassing its previous peak of $357.39 from November 2021. 

The stock surged 5.54% on the day, driven by a trading volume of 27,285,423 shares, more than double its average of 12,595,246 shares, a sign of strong market interest. 

COIN price chart (Source: Yahoo Finance)

Over the past month, Coinbase stock has increased by 42.53%, with market analysts describing its recent movement as “going vertical.” The stock opened at $355.37, surged to an intraday high of $382.00, and touched a low of $351.16 before closing at its all-time close, according to Yahoo Finance.

With a market capitalization of $95.532 billion, the exchange continues to showcase its growing role in the cryptocurrency exchange market. Its 52-week range, from $142.58 to $382.07, is proof of a strong rebound and sustained momentum. 

The stock’s performance is said to be in line with its earlier recognition as a top S&P 500 gainer in June 2025, as reported by Ecoinimist.

Senate’s GENIUS Act Drives Rally

The catalyst for Coinbase’s stock price increase is the passage of the GENIUS Act by the U.S. Senate on June 17, 2025, with a 68-30 vote, a bill designed to regulate stablecoins under conditions like full reserve backing and anti-money laundering compliance. 

The bill, still awaiting House approval and President Trump’s signature, has boosted market confidence, especially for Coinbase, being one of the co-creators of the USDC stablecoin together with Circle Internet Group.

USDC-based operations, which include interest and transaction fees, have greatly contributed to Coinbase’s revenue, estimated to account for as much as 50% when indirect revenues are included. 

However, Q1 2025 financials reveal subscription and services revenue at $698 million, which is around 34% of the $2.03 billion total revenue.

Following the Senate vote, Coinbase’s stock jumped 17% on June 18, 2025. Analysts remain bullish, with some setting price targets as high as $400, though the average target is around $270.78. 

USDC holdings in Coinbase products are valued at $12.3 billion in Q1 2025, confirming the company’s growth potential through stablecoins.

Crypto Boom Powers Coinbase’s Record Run

Coinbase’s bull run is in line with a strong cryptocurrency market, with a total market capitalization of $3.28 trillion as of June 27, 2025, according to CoinMarketCap. Stablecoins, particularly USDC, are a major driver, with the stablecoin market reaching $223 billion. 

Coinbase’s PE ratio of 70.50 and EPS of $5.33 are proof of strong growth expectations.

COIN statistics (Source: Yahoo Finance)

Investors are now looking forward to Coinbase’s Q2 earnings, expected to be published around August 2025, which will further provide insight into its financial trajectory.