Coinbase increases by 43% in June and exceeds the S&P 500 according to regulatory successes and partnerships
Coinbase turned out to be the best performance in the S&P 500 in June and increased by 43% due to a wave of optimistic impulses, which was triggered by regulatory clarity, product innovations and a deeper institutional interest in cryptocurrencies.
The crypto tour is now on the best way to its strongest monthly result since November and has made profits three months in a row-the first such series since the end of 2023. On Thursday, the Coinbase shares have reached its highest level since the company's IPO in 2021.
As CNBC reports, the upswing mostly began taking the stock exchange in the S&P 500 at the end of May, just a few weeks after President Donald Trump's first customs announcements had temporarily shaken the markets. Since then, the adoption of the Genius Act by the Senate and the success of the StableCoin emittent Circle has significantly improved the mood of investors compared to Coinbase.
Analysts say that the fundamental data from Coinbase are now undeniable
Oppenheimer-Analyst Owen Lau told CNBC that two great concerns-fees and regulatory obstacles-were exaggerated. “Coinbase has consistently achieved positive profits, which is why they were recorded in the S&P 500,” said Lau, adding that the regulation of stablecoins by the Genius Act had eliminated an important source of uncertainty.
The law creates a nationwide framework for stable coins coupled to the dollar and transfers new powers to the Ministry of Finance. Analysts expect this to open new growth opportunities for companies such as Coinbase, which are already firmly anchored in the StableCoin ecosystem.
The close relationship from Coinbase to Circle, the issuer of USDC, ensures additional added value. Devin Ryan, head of FinTech research at Citizens, noted that Coinbase achieves 100 % of the income from the USDC held on its platform and about 50 % of all other USDC revenue-which corresponds to 99 % of the circle of circle. “If the Markt Circle estimates positively, Coinbase offers indirect commitment without the same operating costs,” said Ryan.
The growth of Coinbase is not only regulatory – the company has also expanded its services aggressively. In June, a crypto-based credit card with American Express, a stable coin payment solution for e-commerce and a partnership with Shopify were introduced. In addition, JPMorgan announced a new “deposit token” in the Coinbase base network, which shows the growing trust of the traditional financial giants.
“An mood is developing,” said Ryan. “Institutional investors now consider cryptocurrencies as a ripening asset class. Coinbase is the most direct way to invest in this development.”
