Coinbase stock rose 43% in June, outperforming S&P 500, as focus shifts to stablecoin revenue.

From Yahoo Finance: 2025-06-28 13:29:00

Coinbase (COIN) saw a 43% increase in shares this month, making it the top performer in the S&P 500 since joining at the end of last month. Shares hit a high of $382 before a slight correction, ending the week at $353. The wider S&P 500 rose 5% in June as geopolitical tensions eased. Washington’s progress on the GENIUS Act shifted investor focus to stablecoin revenue, benefiting Circle, whose market cap approached that of Coinbase. Coinbase keeps all yield on USDC balances and nearly half of other USDC income, giving shareholders indirect exposure at no added cost. Trading volume on Coinbase has decreased since April.



Read more at Yahoo Finance: Coinbase Outpaces S&P 500 With 43% June Rise as Stablecoin Narrative Grows: CNBC