Coinbase stock reached an all-time high on Wednesday, June 26, with COIN trading at $380 per share before market close. The stock is now up nearly 53% year-to-date.
USDC stablecoin issuer Circle (CRCL), which recently went public, also posted strong gains. Shares rose 10% during the day, marking another milestone in its ongoing post-IPO rally.
Coinbase Leads the US Crypto Stocks Rally
The broader surge reflects renewed investor confidence in crypto equities. Regulatory clarity, product expansion, and growing institutional interest have created a favorable backdrop.
Coinbase’s rally comes amid a string of high-impact expansion moves. The company launched wrapped versions of Cardano and Litecoin (cbADA, cbLTC) on its Base Layer-2 network, boosting cross-chain utility.
It also secured a MiCA license in Luxembourg, expanding into the regulated EU market. This move signals the exchange’s readiness for regulated crypto growth in Europe.
The platform has also increased its listing rate, adding several new tokens to its spot market.
Additionally, Coinbase plans to launch CFTC-regulated perpetual futures for US customers—an institutional-grade trading product that could significantly increase revenue streams.
These developments, paired with momentum from the recently passed GENIUS Act in the Senate, are helping reshape market sentiment.
The bill offers federal guidelines for stablecoins, directly benefiting firms like Coinbase and Circle.
Analysts say the rally in COIN and CRCL points to investor optimism for regulated crypto infrastructure. Bernstein recently raised Coinbase’s price target to $510, citing its strategic positioning.
With Wall Street showing renewed interest in crypto stocks, both Coinbase and Circle appear to be leading the sector’s summer breakout.
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