Coinbase's 2.73% Surge Drives $2.47B Volume, 30th in Market Activity as Crypto Sector Expands

On September 11, 2025, , ranking 30th in market activity. The exchange’s recent product launches and broader crypto sector developments contributed to the momentum.

Coinbase announced the launch of Mag7 + Crypto Equity Index Futures on September 22, offering investors exposure to major tech stocks and crypto ETFs. This marks the first U.S. futures product combining traditional equity and digital asset indices, signaling the firm’s strategic expansion into hybrid financial products.

U.S. Bank resumed cryptocurrency custody services for institutional clients, including support for Bitcoin ETFs, reinforcing institutional confidence in crypto infrastructure. This development aligns with growing demand for secure custody solutions amid increased adoption of digital assets.

Metaplanet’s shareholder meeting revealed plans to acquire 190,000 additional Bitcoin by 2027, . The move underscores Bitcoin’s growing appeal as a corporate balance sheet asset, a trend Coinbase may benefit from as a leading crypto exchange.

The U.S. Commerce Department’s decision to publish GDP data on the Bitcoin blockchain further legitimizes the cryptocurrency’s role in financial systems. Such institutional endorsements could drive broader market participation and regulatory clarity, indirectly supporting Coinbase’s ecosystem.

To run this back-test robustly I need to pin down a few practical details: 1. Universe • “Top 500 by daily trading volume” can be drawn from many exchanges (all U.S. listed equities, only NYSE + NASDAQ, etc.). • Please confirm which exchange(s) you have in mind, or supply a fixed ticker list if you already have one. 2. Re-balancing rule • The usual implementation is: at the close of day t rank the universe by that day’s total share volume, buy the top-500 names at the next day’s open, and liquidate them at the following day’s open (1-day holding period). • Is that the trading schedule you want, or do you prefer open-to-close (buy at today’s open, sell at today’s close)? 3. Transaction assumptions • Should we apply any trading fees/slippage? • Equal-weight each name (default) or volume-weighted? 4. . . . Once these points are clarified I can generate the data-retrieval plan and run the test.