Coinbase stock reached an all-time high on Wednesday, June 26, with COIN trading at $380 per share before market close. The stock has now increased nearly 53% YTD.
Circle (CRCL), the USDC stablecoin issuer, which recently went public, also saw a strong increase. The stock rose 10% in a day, marking another milestone in its post-IPO price surge.
Coinbase Leads Crypto Stock Price Surge in the US
The broader growth reflects new investor confidence in crypto stocks. Regulatory clarity, product expansion, and increasing institutional interest have created a favorable landscape.
Coinbase's price surge occurred amid several significant expansion moves. The company launched wrapped versions of Cardano and Litecoin (cbADA, cbLTC) on its Base Layer-2 network, enhancing cross-chain utility.
Coinbase stock price. Source: Google FinanceThe company also received a MiCA license in Luxembourg, expanding into the regulated EU market. This move shows the exchange is ready for regulated crypto development in Europe.
The platform has also accelerated listing, adding several new tokens to the spot market.
Additionally, Coinbase plans to launch CFTC-regulated perpetual futures for US customers—an institutional trading product that could significantly increase revenue.
These developments, along with momentum from the newly passed GENIUS Act in the Senate, are helping to change market sentiment.
The bill provides federal guidance for stablecoins, directly benefiting companies like Coinbase and Circle.
Analysts suggest the price surge of COIN and CRCL demonstrates investor optimism about regulated crypto infrastructure. Bernstein recently raised Coinbase's price target to $510, emphasizing the company's strategic position.
With Wall Street showing renewed interest in crypto stocks, both Coinbase and Circle appear to be leading the industry's summer boom.
