Coinbase Surges to Fourth Most Traded Stock with $118.70 Billion Volume

On July 18, 2025, Coinbase Global (COIN) experienced a significant surge in trading volume, reaching $118.70 billion, a 72.37% increase from the previous day. This surge placed Coinbase as the fourth most traded stock of the day. The stock price of Coinbase also rose by 2.20%, marking its third consecutive day of gains and a total increase of 8.19% over the past three days.

Coinbase's stock price reached a new high of $444.64 as the market opened on July 18, driven by sustained bullish sentiment across the crypto sector. This surge was influenced by the passage of the GENIUS Act, which aims to create a regulatory framework for stablecoins. The legislative progress was seen as a significant step toward providing legal clarity for the digital asset industry, potentially reducing uncertainty and paving the way for wider adoption of digital assets.

The positive sentiment was further bolstered by Coinbase's recent announcement of its upcoming 'super app,' called Base, designed to expand the utility of crypto beyond trading. This development, coupled with the regulatory progress, has positioned Coinbase as a key player in the evolving digital asset landscape.