On August 20, Coinbase Global, Inc. rose 8.15% in regular trading, trading at $168.2484 USD/share, with turnover of $376 million.

The rally was driven by multiple catalysts. Bitcoin staged a strong rebound, breaking through the $70,000 level. U.S. President Trump held a meeting at the White House with executives from major crypto firms including Coinbase, Payward, and Blockchain, reinforcing market expectations that the administration will pursue a digital asset-friendly regulatory environment. Additionally, the SEC proposed a new framework this week that would allow certain digital asset issuances to bypass securities registration requirements.

Coinbase has also been actively expanding its business footprint, recently launching a US500 perpetual contract product, obtaining an FSRA license in Abu Dhabi to establish an international tokenization hub, and announcing the integration of its international exchange into Deribit by September 9. Ark Invest recently added approximately $9.16 million in Coinbase shares, providing institutional buying support.

(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.)