Coinbase Rockets 42% After TIME Crowns It a ‘Disruptor’—Crypto Policy Wins Fuel Rally
Wall Street blinked—and missed Coinbase's 42% moonshot. The crypto exchange just bagged TIME's 'Disruptor' title as regulatory tailwinds sent its stock screaming past traditional finance's plodding benchmarks. Who's laughing now?
Policy wins rewrite the rules
While bank stocks nap in their risk-aversion cribs, Coinbase rides Washington's sudden crypto clarity to double-digit gains. The SEC's grudging retreat on key enforcement fronts lit the fuse—now institutions are scrambling for exposure.
The cynical take? Another case of 'sell the rumor, buy the news' for traders who still think Bitcoin is a meme. But with shorts getting vaporized at these levels, even the skeptics are checking their privilege.
Coinbase to Be at the Center of US Crypto Hub: TIME
With more industry-friendly legislation on the horizon, the publication said Coinbase could cement its role as the central hub for US crypto trading.
Coinbase’s influence extends beyond the US. On June 20, the exchange secured a license to provide digital asset services across the European Union under the MiCA regulatory framework, granted by Luxembourg’s financial regulator.
Coinbase will establish its EU headquarters in Luxembourg, a MOVE expected to strengthen its global footprint.
Looking ahead, Coinbase is seeking approval from the US Securities and Exchange Commission to offer tokenized equities, a move that could pit it directly against trading platforms like Robinhood and WeBull in the battle for retail investors.
Moien, Lëtzebuerg.
We’re pleased to have secured our Markets in Crypto Assets (MiCA) licence from the CSSF in Luxembourg.
We can now offer a full suite of crypto products and services to 450 million people across all 27 European Union member states. pic.twitter.com/e9zbhy35YQ
Adding to Coinbase’s momentum, US President Donald TRUMP pledged at the Coinbase State of Crypto Summit in June to build a “clear and simple” regulatory framework for crypto markets under his administration.
In a pre-recorded message, Trump said, “We will be working to create clear and simple market frameworks that will allow America to dominate the future of crypto and Bitcoin.”
Coinbase’s rising profile and policy wins come as institutional and retail investors increasingly view the exchange as a bellwether for the broader crypto market’s health.
Coinbase Q1 Revenue Climbs, But Profit Falls 94%
Coinbase reported mixed first-quarter results, with revenue rising 24% year-over-year to $2 billion, but falling short of analyst expectations and down 10% from the previous quarter.
While transaction revenue grew to $1.26 billion, its subscription and services division—covering staking and custodial offerings, ROSE 37% to nearly $700 million, reflecting growing diversification beyond trading.
Despite the revenue uptick, net income plunged 94% to $66 million as the company marked down its crypto holdings amid market volatility.
Adjusted earnings stood at $526.6 million, or $1.94 per share, still below last year’s figure of $2.53. Operating expenses surged 51% to $1.3 billion due to aggressive marketing and asset write-downs.