Coinbase shares surged as crypto markets rebounded following fresh comments from Coinbase CEO Brian Armstrong and new backing from President Donald Trump. Responding to an interview by John D’Agostino, who noted the crypto market still feels strong despite sharp swings, Armstrong said the foundations for crypto have never been stronger.
D’Agostino said the rails keep improving, with faster settlement, deeper institutional adoption, clearer rules, more ETF activity, and rising interest from sovereign groups. He said these changes continue even during market pressure. Armstrong shared a similar view and said global banks now use blockchain or plan to add it to their systems, while several sovereign groups already hold digital assets.
At press time, the COIN stock traded at $208.70 after rising 14.44% during a strong session for crypto-linked stocks. Traders said the rebound followed days of heavy selling as ETFs faced outflows and large holders reduced exposure. The shift in tone came as new inflows entered the market through spot ETFs and over-the-counter trades.
Donald Trump Calls on Banks to Work with the Crypto Industry
The main reason why shares of Coinbase and other crypto companies moved higher after Donald Trump backed the industry in its dispute with U.S. banks. He said banks should not block progress on yield-bearing stablecoins. Like the Ripple CEO comments, Trump added that the current debate threatens the GENIUS Act and slows needed movement in Congress.
According to Donald Trump, the bill is being threatened and undermined by banks. He said they need to reach a good deal with the crypto industry because that serves the public. His comments came as lawmakers continued to debate stablecoin rules within the Clarity Act after the March 1 deadline passed.
Crypto firms gained momentum after Trump’s statement. Coinbase rose more than 14% during the session. Other firms, such as Strategy, gained 9%, and Circle gained nearly 6%, following closely after the COIN stock jump.
Firms Build New Rails as Institutional Demand Increases
Coinbase CEO Brian Armstrong agreed that every major bank is either using blockchain or preparing to add it to internal systems. Backing the interview, he noted this shift continued even when markets moved through difficult periods. According to D’Agostino, the ETF usage expanded because institutions now treat crypto as part of their long-term plans. He noted that several nations now hold digital assets through central banks.
D’Agostino said market structure remains strong because firms keep building, even during downturns. He said faster settlement, deeper participation, and clearer rules show that the industry is gaining strength. His comments matched Armstrong’s message that the market is healthier than it appears from the outside.
COIN stock was not the only one to jump, with Bitcoin moving back toward $73,219, soaring 9% after reaching lows near $63,000 on US-Iran war jitters. Concurrently, the ETF flows turned positive during the recovery. Large investors returned through block trades that signaled renewed interest.
Other cryptos also saw a massive surge, with XRP soaring 5% to $1.44, Cardano up 3% to $0.2787, and Ethereum also witnessing over a 7% surge to $2,143 as of press time.
Source: https://coinpaper.com/15171/coin-stock-jumps-over-14-as-brian-armstrong-and-donald-trump-make-bullish-statements
