Coinbase Slips 3.84% in Third Straight Day of Losses, Trading Volume Ranks 28th

On June 12, 2025, Coinbase Global (COIN) experienced a 3.84% decline, marking its third consecutive day of losses, with a total drop of 6.07% over the past three days. The trading volume for the day was $1.869 billion, placing it 28th among all stocks traded that day.

Coinbase has announced its plans to introduce perpetual futures trading in the United States, a move that aligns with regulatory standards set by the Commodity Futures Trading Commission. This initiative was revealed by Max Branzburg, Coinbase's vice-president of product, during the State of Crypto Summit in New York. Perpetual futures are derivatives that allow traders to speculate on token prices without an expiry date, offering continuous access and high leverage, which is particularly appealing in volatile markets.

In addition to perpetual futures, Coinbase has also unveiled a Bitcoin-backed credit card for its U.S. customers. This new offering is part of the exchange's broader strategy to expand its product suite and attract more users by providing innovative financial services.

Coinbase's commitment to regulatory compliance and its focus on institutional-grade trading standards are evident in its membership with the National Futures Association and its adherence to CFTC oversight. This ensures that its futures trading meets stringent regulatory requirements, providing a secure and reliable trading environment for its users.