What Happened?
Shares of blockchain infrastructure company Coinbase (NASDAQ: COIN) jumped 5.2% in the morning session after the stock's positive momentum continued as the company unveiled an all-in-one financial platform for small and medium businesses, enabling them to receive crypto, manage assets, and earn yield on stablecoins. The new platform allowed businesses to earn up to a 4.1% annual percentage yield on their USDC stablecoin holdings.
The stock's rise was also supported by a broader rebound in the cryptocurrency market, which saw its total value gain 2.7% as Bitcoin's price topped $110,000. Further fueling investor optimism, Coinbase announced an investment in CoinDCX, a major crypto exchange in India and the Middle East, signaling a push for international growth.
After the initial pop the shares cooled down to $351.69, up 4.6% from previous close.
Is now the time to buy Coinbase? Access our full analysis report here.
What Is The Market Telling Us
Coinbase’s shares are extremely volatile and have had 57 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 10 days ago when the stock dropped 4.9% on the news that President Donald Trump threatened to impose 'massive' new tariffs on Chinese goods.
In a post on his Truth Social network, Trump stated that his administration is calculating a 'massive increase of Tariffs on Chinese products.' Trump targeted China's tightening controls on rare earth metals, which are vital components in many technology products from electric vehicles to defense systems. The threat immediately impacted the market, with the tech-heavy Nasdaq sinking 2.4% and the broader S&P 500 falling 1.7%. Such tariffs could significantly disrupt the global supply chains that many technology companies rely on for manufacturing and components. The policy uncertainty also raises fears of retaliatory measures from China, which could impact sales in a key international market for many U.S. tech firms, leading to investor concern over future profitability.
Earlier in the week, China announced new export controls on the critical minerals. Beijing's Commerce Ministry stated that foreign suppliers now need government approval to export products containing certain rare-earth materials. These materials are essential for producing high-tech goods, including computer chips, electric vehicles, and defense technology. Analysts viewed the move as a strategic assertion of China's dominance in the global rare earth supply chain, particularly amid ongoing trade tensions.
Coinbase is up 36.7% since the beginning of the year, but at $351.69 per share, it is still trading 16.2% below its 52-week high of $419.78 from July 2025. Investors who bought $1,000 worth of Coinbase’s shares at the IPO in April 2021 would now be looking at an investment worth $1,071.
Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free for active Edge members and will only take you a second.
