On August 19, Coinbase Global, Inc. rose 5.21% in regular trading, reaching $155.24/share with turnover of $4.2 billion. The rally was driven by a convergence of business expansion catalysts spanning new product launches, global regulatory approvals, and institutional buying.
On the product front, Coinbase launched its US500 perpetual contract, enabling users to go long or short on the 500 largest U.S. companies via a single leveraged instrument — further broadening its derivatives and traditional finance-linked offerings. The company also introduced 24/7 perpetual contracts on gold, silver, and crude oil. Structurally, Coinbase confirmed that its International Exchange will be fully migrated to Deribit by September 9, unifying its global derivatives infrastructure under a single high-performance trading engine to compete directly with Binance and OKX.
On the regulatory front, Coinbase secured an FSRA license from Abu Dhabi Global Market, designating it as its international tokenization hub to offer global securities to wallet users. Meanwhile, Ark Invest purchased approximately $8 million in Coinbase shares, providing institutional demand support amid recent director insider selling and analyst target price reductions from Citi and Needham.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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