Coinbase's $2.42B Volume Ranks 26th in U.S. Equities as Stock Gains 0.27% Amid Regulatory Focus

On September 16, 2025, , ranking 26th among U.S. equities. , showing modest resilience amid broader market dynamics. Regulatory developments and macroeconomic signals continue to shape investor sentiment in crypto-related equities.

Recent strategic updates from Coinbase highlighted its expanding institutional services, including enhanced custody solutions and derivatives partnerships. The company also announced a partnership with a major cloud provider to optimize its infrastructure costs, potentially improving operational margins. Analysts noted these moves could strengthen its competitive positioning against traditional financial institutions entering the crypto space.

Market participants remain focused on upcoming U.S. crypto regulatory decisions, with Coinbase's compliance framework under close scrutiny. The firm's recent earnings call emphasized progress in navigating the evolving legal landscape, though uncertainties around potential enforcement actions persist. Short-term price action appears influenced by broader risk-on/risk-off flows rather than sector-specific catalysts.

To run this back-test accurately I’ll need a few clarifications and practical choices: 1. Market universe • Is the strategy meant to cover all U.S. listed stocks, a specific exchange (e.g. NYSE + NASDAQ), or another region? • Do you want to exclude ETFs or prefer to keep them? 2. Reference price for entry/exit • Buy at today’s close and sell at tomorrow’s close (most common)? • Or buy tomorrow’s open and sell tomorrow’s close? 3. Weighting method • Equal-weight the 500 names each day (typical for this sort of screen)? • Or volume-weighted / market-cap-weighted? 4. Cash treatment & slippage • Assume zero transaction cost & slippage (quickest to compute) or add a fixed cost per trade? 5. Benchmark • Would you like the back-test compared to an index such as the S&P 500? Once I have these details I can generate the data-retrieval plan and run the back-test.