Coinbase Surges to Ninth Most Traded Stock with $96.60 Billion Volume

On May 13, 2025, Coinbase Global (COIN) experienced a significant surge, with its trading volume reaching $96.60 billion, marking a 206.17% increase from the previous day. This substantial rise positioned Coinbase as the ninth most traded stock of the day, reflecting a strong market interest in the company. The stock price of Coinbase also saw a notable increase of 23.97%, continuing its upward trend for the second consecutive day, with a total gain of 28.89% over the past two days.

Coinbase's inclusion in the S&P 500 index has been a major catalyst for its recent stock performance. The company is set to become the first pure-play crypto firm to join this prestigious index, which could attract billions of dollars in passive allocations. Analysts estimate that Coinbase could see around $9 billion in passive buying driven by S&P 500 linked ETFs and non-ETFs, with an additional $7 billion from S&P benchmarked active funds. This move is expected to significantly boost Coinbase's market presence and investor confidence.

The addition to the S&P 500 is seen as a validation of the growing significance of the crypto industry. Coinbase, with its dominant market position in the U.S. and a strong user base, is well-positioned to benefit from this development. The company's recent acquisition of Deribit for $2.9 billion further strengthens its market position, despite missing its Q1 revenue and earnings estimates due to a dip in trading activity. The acquisition is seen as a strategic move to enhance Coinbase's offerings and solidify its leadership in the crypto exchange market.

Coinbase's entry into the S&P 500 is not only a milestone for the company but also for the broader crypto industry. It signifies a shift in the perception of cryptocurrencies, moving from a niche market to a mainstream investment option. This inclusion is expected to attract more institutional investors and further integrate crypto assets into traditional financial markets. As Coinbase continues to navigate the evolving regulatory landscape and competition, its strategic moves and market leadership position it as a key player in the future of digital assets.