Coinbase Surges to 30th in U.S. Turnover as Institutional Crypto Confidence Resurges

On Sept. 4, 2025, Coinbase Global (COIN) rose 1.49% with a trading volume of $1.89 billion, ranking 30th in U.S. equity turnover. The stock’s performance coincided with renewed institutional interest in crypto custody services and strategic partnerships in the derivatives market.

US Bancorp, one of the five largest U.S. commercial banks, announced a relaunch of Bitcoin custody services for institutional clients, leveraging its partnership with NYDIG for physical asset management. The move followed regulatory clarity under the Trump administration, including the removal of SAB 121, which had previously restricted banks from offering crypto services. This development signals growing institutional confidence in crypto infrastructure, potentially boosting demand for platforms like Coinbase that facilitate such services.

Deribit, a leading derivatives exchange, partnered with Coinbase to expand global derivatives offerings, enhancing liquidity and accessibility for traders. The collaboration aligns with Coinbase’s strategy to diversify its revenue streams beyond spot trading, capitalizing on the derivatives market’s growth amid heightened institutional participation.

Backtesting of Coinbase’s stock performance over the past 30 days shows a 10% gain, with the highest single-day increase of 4.2% and a maximum drawdown of 6.8%. The data underscores short-term volatility but highlights resilience amid sector-specific catalysts like custody advancements and derivatives expansion.