Coinbase Trading Volume Plummets 39.63% to $71.99 Billion Ranking Sixth in Daily Stock Market

On July 21, 2025, Coinbase Global (COIN) experienced a significant drop in trading volume, with a 39.63% decrease to $71.99 billion, placing it sixth in the daily stock market rankings. The stock price of COIN also fell by 1.47%.

Coinbase has introduced CFTC-regulated perpetual futures for U.S. customers, marking a significant development in the cryptocurrency trading landscape. This new offering includes nano Bitcoin and nano Ether perpetual futures, providing traders with 10x leverage and eliminating monthly expirations. The launch is a major step forward for U.S. crypto traders, offering them access to regulated perpetual futures contracts for the first time.

This move by Coinbase is expected to attract more traders to its platform, as it provides a regulated and efficient way to trade cryptocurrencies with high leverage. The introduction of these perpetual futures contracts is likely to have a positive impact on Coinbase's stock price in the long run, as it expands its product offerings and attracts more users to its platform.