Coinbase Trading Volume Drops 33% to $2.073 Billion, Slips to 23rd in Daily Rankings

On June 17, 2025, Coinbase's trading volume reached $2.073 billion, marking a 33.01% decrease from the previous day. This placed Coinbase at the 23rd position in the daily stock market rankings. Coinbase Global (COIN) closed the day with a 2.94% decline.

Coinbase is actively pursuing approval from the U.S. Securities and Exchange Commission (SEC) to introduce tokenized stock trading. This initiative aims to expand the company's business by offering customers the ability to trade stocks through blockchain technology. Coinbase's chief legal officer has emphasized that obtaining SEC approval for tokenized stocks and other products is a top priority for the company. To achieve this, Coinbase is seeking a "no action letter" or exemptive relief from the SEC, which would allow the exchange to proceed with its plans without facing regulatory obstacles.

If the SEC grants approval, Coinbase will be able to provide its customers with continuous access to tokenized equities. This move could significantly enhance the company's offerings and attract more investors to its platform. The potential expansion into stock trading via blockchain technology represents a strategic shift for Coinbase, positioning it as a leader in the evolving landscape of digital asset trading.