Coinbase’s $3.21 Billion Trading Volume Ranks 20th as Exchange Revives Stablecoin Fund to Boost DeFi Liquidity

On August 12, 2025, Coinbase Global (COIN) rose 0.94% with a trading volume of $3.21 billion, ranking 20th in market activity. The exchange announced the revival of its Stablecoin Bootstrap Fund to enhance liquidity for USDC and EURC in DeFi protocols such as Aave, Morpho, Kamino, and Jupiter. Managed by Coinbase Asset Management, the initiative aims to distribute stablecoin capital across both established and emerging platforms to improve yield opportunities and market efficiency. The fund’s initial focus mirrors its 2019 launch, which supported early DeFi protocols like Uniswap and Compound, contributing to USDC’s dominance as the most widely used stablecoin in the sector.

While the fund’s size and allocation details remain undisclosed, Coinbase emphasized testing deployments across multiple networks before scaling. The move aligns with broader DeFi growth, where total value locked has surged to $165.4 billion, though still below 2021 levels. USDC’s market cap currently stands at $65.6 billion, trailing Tether’s $164.6 billion. Coinbase’s renewed focus on stablecoin liquidity follows a Q2 revenue decline, with stablecoin-related income rising 12% to $332 million despite overall revenue falling 26% quarter-over-quarter. The exchange also plans to expand its Base app into a “super app” integrating social, payments, and trading features.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day resulted in a moderate return. The total profit from December 2021 to August 2025 was $2,940, with a maximum drawdown of $-1,960 during the same period. The strategy's average daily return was 0.24%, with a Sharpe ratio of 0.67 and a maximum Sharpe of 1.2 over the past four years.