Coinbase Stock Surges 42% Year-to-Date Amid Policy Wins and Global Expansion

Coinbase, a prominent cryptocurrency exchange, has been recognized as one of the 2025’s 100 Most Influential Companies by TIME, earning the title of a “disruptor” for its significant impact on US digital asset markets and aggressive policy advocacy in Washington. This recognition comes on the heels of a 42% year-to-date surge in Coinbase’s stock, which climbed from around $303 to a high of $382 after the Senate passed the GENIUS stablecoin bill on June 17.

TIME highlighted Coinbase’s role as a key driver of the industry’s policy efforts in Washington D.C. The exchange’s influence extends beyond the US, as it recently secured a license to provide digital asset services across the European Union under the MiCA regulatory framework, granted by Luxembourg’s financial regulator. Coinbase will establish its EU headquarters in Luxembourg, a move expected to strengthen its global footprint.

Looking ahead, Coinbase is seeking approval from the US Securities and Exchange Commission to offer tokenized equities, a move that could position it directly against trading platforms like Robinhood and WeBull in the battle for retail investors. Adding to Coinbase’s momentum, US President Donald Trump pledged at the Coinbase State of Crypto Summit in June to build a “clear and simple” regulatory framework for crypto markets under his administration. In a pre-recorded message, Trump said, “We will be working to create clear and simple market frameworks that will allow America to dominate the future of crypto and Bitcoin.”

Coinbase’s rising profile and policy wins come as institutional and retail investors increasingly view the exchange as a bellwether for the broader crypto market’s health. Coinbase reported mixed first-quarter results, with revenue rising 24% year-over-year to $2 billion, but falling short of analyst expectations and down 10% from the previous quarter. While transaction revenue grew to $1.26 billion, its subscription and services division—covering staking and custodial offerings, rose 37% to nearly $700 million, reflecting growing diversification beyond trading. Despite the revenue uptick, net income plunged 94% to $66 million as the company marked down its crypto holdings amid market volatility. Adjusted earnings stood at $526.6 million, or $1.94 per share, still below last year’s figure of $2.53. Operating expenses surged 51% to $1.3 billion due to aggressive marketing and asset write-downs.