Coinbase Pulls Back to $182 After 13% Surge

Shares of Coinbase (NASDAQ: COIN) jumped more than 13% on February 25, 2026, closing at $183.94 after the company officially expanded into commission-free stock and ETF trading for U.S. customers.

However, on February 26, momentum cooled slightly. At the time of writing, COIN is trading at $182.23, down $1.71 (-0.93%) on the session, according to the attached chart. Intraday trading shows volatility between approximately $180 and $185.54, with the stock opening around $181.44 before rebounding toward the $182 range.

24/5 Stock and ETF Trading Launch

The rally on February 25 followed Coinbase’s rollout of commission-free trading for roughly 6,000 U.S. stocks and ETFs directly within its app.

Key features of the expansion include:

• 24/5 weekday trading access
• Zero commissions
• Fractional share purchases starting at $1
• Direct integration with Yahoo Finance for one-click trade execution

The move marks Coinbase’s push toward becoming an “Everything Exchange,” allowing users to trade both crypto and traditional equities in one ecosystem.

Stablecoin Revenue Tailwinds

Investor optimism was also fueled by projections that stablecoin revenue could accelerate significantly following the passage of the GENIUS Act in July 2025.

In 2025, stablecoin-related income rose 48% to $1.35 billion, representing about 19% of Coinbase’s total annual revenue. Analysts suggest that if USDC adoption continues expanding as a global settlement layer, revenue could multiply further in the coming years.

CEO Brian Armstrong has also indicated that certain regulatory structures could increase Coinbase’s profitability by allowing it to retain a larger share of reserve-generated interest.

Market Positioning and Outlook

Despite the minor pullback on February 26, COIN remains significantly above its recent lows and is trading near the previous day’s closing level of $183.94.

The company has been diversifying beyond crypto into equities, debit cards, and prediction markets in an effort to reduce correlation with Bitcoin price cycles.

Management has guided Q1 2026 subscription and services revenue between $550 million and $630 million.

While the February 26 session reflects mild consolidation, the broader narrative remains focused on Coinbase’s transformation into a multi-asset trading platform and its growing stablecoin-driven revenue base.

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