COIN Shares Soar as Bitcoin Stabilization Fuels Coinbase Growth

Coinbase Global Inc (NASDAQ:COIN) shares are on the rise Wednesday as the broader cryptocurrency market stabilizes.

The company's stock is climbing with conviction, up 12.20% at $164.07, according to Benzinga Pro data.

This surge is largely driven by Bitcoin's price stabilization near the $68,500-level, which has sparked retail and institutional trading activity and fueled high-margin transaction volumes for Coinbase.

In addition, Coinbase benefits from a shifting regulatory landscape, with the Treasury Department proposing new rules on Monday for the GENIUS Act, a stablecoin framework enacted in July 2025.