Coinbase Stock Surges 7.57% in Two Days, Trading Volume Drops to 30th Position

On March 25, 2025, Coinbase Global (COIN) experienced a 0.59% increase in its stock price, marking two consecutive days of gains and a total increase of 7.57% over the past two days. The trading volume for the day was $15.19 billion, a 20.1% decrease from the previous day, placing it at the 30th position in terms of trading volume for the day.

Coinbase Global is one of the leading cryptocurrency exchanges globally, offering a secure and user-friendly platform for both retail and institutional investors. The company's revenue reached $6.3 billion in 2024, more than double that of 2023, with the majority of its earnings coming from transaction fees. The Securities and Exchange Commission (SEC) recently dropped its lawsuit against Coinbase, and the company is optimistic about the passage of stablecoin and crypto market structure legislation this year, which could further expand the crypto ecosystem.

Coinbase's platform allows users to engage with crypto assets through various means, including trading, staking, safekeeping, spending, or transferring them globally. The company has built a reputation for security and legal compliance, which has helped it expand into over 100 countries. As of the end of last year, Coinbase's platform held over $400 billion in digital assets, with a significant portion being bitcoin. The firm is now the world's biggest custodian of bitcoin, holding roughly 12% of all the world's mined bitcoin.

Coinbase's revenue streams are primarily driven by crypto fees, with the majority coming from transaction fees. The company's services and subscriptions business has also been booming, with stablecoins and crypto staking contributing significantly to its revenue. Coinbase's stablecoin, USD Coin (USDC), pulled in nearly $1 billion last year, and the company is well-positioned to benefit from the expected growth in the stablecoin market. Additionally, Coinbase's staking services allow users to earn rewards in return for staking certain cryptos, with the company taking a cut of these rewards as a fee.

Coinbase's expenses in 2024 totaled almost $4.3 billion, with transaction expenses, general and administrative costs, and investments in technology and development being the major components. The company's investments in technology and development, such as its Base "scaling layer" or "Layer 2" network, aim to make Ethereum faster, cheaper, and more usable. Coinbase is also looking to potentially offer tokenized securities, predictive markets, equities, and 24/7 trading with immediate settlement in the future.

Coinbase has been working closely with lawmakers and government agencies to achieve regulatory clarity, which is crucial for the growth of the crypto industry. The company believes that clearer rules will speed up digital asset adoption and is hopeful that stablecoin and market structure laws will be approved this year. Coinbase's work with US regulators has already made it a go-to platform for big, institutional investors, and the company is confident that new trading activity will follow the rollout of new laws.