Coinbase exchange shares hit a 2021 record high

Coinbase shares are up 40% in a month and have hit an all-time high

27.06.2025 - 14:45

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What’s new? The share price of Coinbase, a leading US centralized crypto exchange, reached $375,07 by the end of the trading session on June 26, hitting a record of November 2021 ($357,39).

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What else is known? The company went public on the Nasdaq exchange in April 2021 under the ticker COIN. Over the past month, the securities have risen 40% and the exchange’s capitalization has reached $95,53 billion.

COIN shares were largely pushed upward by the entry of fintech company Circle into the exchange. Coinbase and Circle jointly developed the USDC dollar-pegged stablecoin, which currently ranks seventh in the overall cryptocurrency ranking and second behind Tether’s stablecoin USDT with a capitalization of $61,7 billion.

Circle went public on the NYSE under the ticker CRCL on June 4, 2025, with a share price of $31. Since then, it has risen 587% and closed trading at $213 on June 26.

ARK Invest made $243 million on the sale of Circle shares in one week

Shares of the USDC issuer are up nearly 250% since its IPO

In 2024, Circle transferred more than 60% of the revenue from USDC reserves to the Coinbase exchange as a distribution fee. As part of the companies’ agreement, Coinbase receives 50% of the remaining interest income from these reserves, represented by US Treasury bonds.

COIN stock growth was also influenced by its inclusion in the S&P 500 stock index on May 19, where Coinbase became the first crypto firm. Later, analysts at broker Bernstein indicated a $510 target price for COIN and called the company an Amazon peer in the crypto financial services segment.

Earlier this month, Coinbase received a license under the EU-wide Markets in Crypto-Assets (MiCA) regulation from the Luxembourg regulator, allowing it to offer services in all countries of the bloc.

Coinbase also announced the launch of perpetual bitcoin and Ethereum futures microcontracts in the US. It also announced its own wrapped versions of Cardano and Litecoin blockchain native tokens under the tickers cbADA and cbLTC on its own Layer 2 Base network based on the Ethereum blockchain.

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