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Coinbase stock sinks 25% within a year of joining S&P 500
Key takeaways
- The exchange, already popular for its crypto offerings, has also made its foray into prediction markets and stablecoins.
- In fact, the company's stablecoin business is a major contributor to the revenue.
- This is why Coinbase is among the top stakeholders in the CLARITY Act, the stablecoin rewards provision of which generated a lot of animosity between the crypto and banking industries.
Coinbase stock sinks 25% within a year of joining S&P 500 Anand Sinha Thu, May 21, 2026 at 11:39 PM GMT+7 2 min read ^GSPC Launched by Brian Armstrong and Fred Ehrsam in 2012, Coinbase Global (Nasdaq: COIN) is the largest crypto trading exchange in the United States.
The exchange, already popular for its crypto offerings, has also made its foray into prediction markets and stablecoins.
In fact, the company's stablecoin business is a major contributor to the revenue.
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