Coinbase (COIN) stock surges 27% on stablecoin bill passage and stock trading plan

From Yahoo Finance: 2025-06-22 14:59:00

Coinbase Global (COIN) surged 27% in a week, hitting $308.38 after the Stablecoin bill passage and plans for stock trading adoption. The company seeks SEC approval for blockchain-based stock trading, potentially competing with Robinhood and Charles Schwab.

The new initiative by Coinbase (COIN) to tokenize equities through blockchain technology aims to diversify beyond cryptocurrencies. This move allows investors to hold digital tokens representing ownership of securities, similar to how cryptocurrencies are traded.

Senators approved the GENIUS Act bill, aiming to regulate the use of Stablecoin and promote wider cryptocurrency adoption. This bill could challenge traditional payment providers like Mastercard and Visa in the market.

While COIN has investment potential, some believe AI stocks offer greater returns with limited downside risk. For a cheap AI stock benefiting from Trump tariffs and onshoring, check out the free report on the best short-term AI stock.

For more insights on AI stocks and investments, read about the 20 Best AI Stocks to Buy Now and the 30 Best Stocks to Buy Now According to Billionaires. This article is originally published at Insider Monkey.

Read more: Coinbase Global (COIN) Jumps 27% W/W on Stablecoin Bill Passage, Stock Trading Adoption Plan