SEC Exemption Boosts Coinbase Stock by Nearly 12%

Coinbase stock surged nearly 12% after the SEC announced a five-year exemption for tokenized U.S. stock trading on select platforms, sparking optimism for tokenized stock trading.

The move is supported by continued short-, medium-, and long-term strength above major moving averages, though the broader trend remains bearish based on the MA-50 versus MA-200 alignment.

Coinbase applied to offer over 50 single-stock perpetual futures in the U.S. and announced partnerships with Stablecore and X to expand digital asset solutions and enable stock and crypto trading for X users.