Coinbase Trading Volume Surges 462% to $2559 Billion Ranking 43rd in Daily Stock Trading

On April 9, 2025, Coinbase Global (COIN) saw a significant surge in trading volume, reaching $2.559 billion, marking a 46.2% increase from the previous day. This surge placed Coinbase at the 43rd position in terms of trading volume among all stocks traded that day. The stock price of Coinbase Global (COIN) rose by 16.91%.

Cathie Wood's ARK Invest recently acquired $30 million worth of Coinbase stock following a market downturn. This investment comes as crypto markets face challenges and tariff pressures. ARK Invest purchased 199,401 shares over the past three days, demonstrating confidence in Coinbase's potential rebound.

Citizens JMP has lowered its price target for Coinbase from $475 to $400, reflecting current market conditions and potential future performance. This adjustment comes amidst broader market volatility and regulatory uncertainties affecting the cryptocurrency sector.