On September 1, Coinbase Global, Inc. rose 5.04% in regular trading, reaching $187.485/share with turnover of $929 million, rebounding sharply from a recent close of $178.64.

On the news front, Coinbase announced that Webull is expanding its crypto experience to Canada using Coinbase as its crypto infrastructure partner. Webull Canada will leverage Coinbase's custody and trading services, following similar launches in the US, Brazil, and Australia. This expansion reinforces Coinbase's growing role as a backend infrastructure provider for global fintech platforms.

Meanwhile, Goldman Sachs recently raised its Coinbase target price from $173 to $196, citing the company's business transformation toward derivatives, prediction markets, tokenized equities, and perpetual contracts. Coinbase's derivatives unit, established less than two months ago, has already reached an annualized revenue run rate of $100 million. Additionally, Metaplanet deposited 800 BTC worth approximately $62.19 million into Coinbase Prime, signaling deepening institutional adoption rather than liquidation intent. Broader crypto tailwinds, including Bitcoin surging past $80,000 and over $1.4 billion in stablecoin inflows to Coinbase in a single day, further supported sentiment.

(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.)