Coinbase Stock Soars To All-Time High On Landmark Crypto Legislation

Shares of Coinbase Global Inc COIN surged to a new all-time high Friday morning, propelled by major legislative victories for the cryptocurrency industry in Washington. Here’s what investors need to know.

What To Know: The U.S. House of Representatives passed two historic bills this week, sparking investor optimism by promising to deliver a long-awaited, clear regulatory framework for digital assets.

On Thursday, the House approved the CLARITY Act, a comprehensive bill designed to end the regulatory ambiguity between the SEC and the CFTC. By delineating authority and defining digital assets, the act provides a clearer compliance roadmap for U.S.-based firms. The Crypto Council for Innovation hailed it as "a milestone for American innovation."

Lawmakers also passed the GENIUS Act, which establishes a federal framework for stablecoins and now heads to the President's desk. With some analysts projecting the stablecoin market could grow to nearly $3.7 trillion, this regulatory certainty is a massive catalyst.

The progress was lauded by industry leaders, with Coinbase CEO Brian Armstrong calling the developments “huge.” He added that the industry is “incredibly close to having a clear regulatory framework.” This legislative momentum is seen as a foundational step toward legitimizing crypto in the U.S., fueling investor confidence in industry bellwethers like Coinbase.

Benzinga Edge Rankings: Based on Benzinga Edge stock rankings, which score equities across four critical metrics, Coinbase shows extremely strong momentum and growth characteristics. The stock earns an exceptional Momentum score of 92.93 and a Growth score of 85.58, reflecting its record-setting price action and robust operational expansion.

This high-flyer status is contrasted by its low Value score of 14.33, indicating that COIN is trading at a premium valuation and is not considered an undervalued asset at its current price. The company’s Quality score was not available.

Price Action: According to data from Benzinga Pro, COIN shares are trading higher by 4.18% to $428.14 Friday morning. The stock has a 52-week high of $443.59 and a 52-week low of $142.58.

Read Also: Another $1.1 Billion: Is This Bitcoin, Ethereum ETF Buying Spree Sustainable?

How To Buy COIN Stock

By now you're likely curious about how to participate in the market for Coinbase – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Coinbase, which is trading at $436.46 as of publishing time, $100 would buy you 0.23 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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