Coinbase stock (COIN) is facing an unusual downtrend amid recent positive developments associated with the firm. The price of COIN stock has seen a slight decrease in early trading on the daily charts.
Meanwhile, Coinbase is expanding into the memecoin space, while also pushing to become a national trust company.
Coinbase Stock Faces Mild Volatility
According to data from Google Finance, COIN is currently valued at $387.27 per share. The stock experienced a slight decline of 0.69% in pre-market trading, suggesting modest intraday volatility.
The daily price range of COIN is between $382.56 – $385.09. Despite the daily decline, Coinbase stock has demonstrated strong performance across multiple timeframes.
Within the past month, the value of COIN stock has increased by 20.6%. Also, the stock surged 56.4% year-to-date and 130.9% in the past year.
COIN has shown incredible growth over the past year, more than doubling in value. On October 10 2024, the COIN stock closed the day at $164.27, with volume of 5.4 million.
As of this writing, the average volume is pegged at 8.8 million, while the market capitalization stood at $98.65 billion.
Although Coinbase stock remains below its July 2025 peak, the performance reflects a strong upward trend.
Technical analysis even suggested potential upward momentum with targets at $430 and higher.
Analysts shared this target after Google partnered with Coinbase to launch an AI-powered payment protocol that incorporated stablecoin support.
Coinbase Hosting Base Memecoins
Aligning with its ecosystem expansion move, Jesse Pollak, revealed that every Base memecoins are now available on Coinbase.
Pollak is the key developer behind the Base blockchain, a Layer-2 scaling solution for Ethereum developed by Coinbase.
In response to the comments from Pollak, Coinbase founder Brian Armstrong stated that Base memecoins make accessing assets through the exchange easier and faster.
It also means simplified processes for users to move assets onto the Base network.
Furthermore, listing Base memecoins on Coinbase, could drive adoption and liquidity for these tokens. The top 5 Base memecoin are XPX, ZORA, BRETT, TOSHI, and MOG.
Memecoins are known for their volatility and speculative trading. Hence, their inclusion on Coinbase could lead to increased trading volume and price movements.
While many memcoins may look unserious, they often act as testing grounds for market behavior and infrastructure.
In January, Coinbase reportedly added the Official TRUMP memecoin on its platform, just two days after launching.
Coinbase Push for National Trust Charter
In another ecosystem expansion development, Coinbase disclosed it is pursuing a National Trust Company Charter from the Office of the Comptroller of the Currency (OCC).
Coinbase has no plans of becoming a bank, that much is clear. Rather, through this Charter, the exchange aims to build upon its Custody business.
Beyond custody, the Charter would enable Coinbase to build new products like payments, settlements, and related services.
This provides regulatory clarity without the exchange requiring approvals from different states. Hence, it streamlines operations for institutional clients.
Coinbase revealed it will continue under New York Department of Financial Services (NYDFS) supervision during the application process.
The exchange views the OCC Charter as a way to integrate digital assets deeper into the financial system without waiting for full federal legislation.
If approved, this milestone will position Coinbase to succeed as the future of finance unfolds.
For now, Coinbase already plays a key role in crypto exchange-traded funds (ETFs). The exchange maintains more than 80% custody market share for crypto ETFs.
These investment instruments have seen explosive growth since the U.S Securities and Exchange Commission (SEC) gave regulatory nod in early 2024.