Coinbase Global (COIN) News Today

Coinbase Global, Inc. (NASDAQ: COIN) shares moved lower today as an insider sale weighed on sentiment, though a string of product launches, strategic partnerships and analyst support helped limit the decline. COIN trades well below its recent 50-day average, but management’s push into on-chain routing, higher-leverage derivatives and AI-driven development continue to underline the exchange’s growth initiatives.

• Positive Sentiment: Coinbase began beta-routing about 5% of its retail order flow to Base DEXs, unlocking trading in thousands of tokens beyond its centralized listings and positioning Base as a new liquidity hub. Coinbase Routes Retail Flow Onchain, Base Emerges as Liquidity Hub
• Positive Sentiment: Coinbase raised maximum leverage on its international perpetual futures from 20x to 50x, aiming to capture more derivatives trading volume and compete with offshore platforms. Coinbase Boosts Max Leverage to 50x on International Perpetual Futures
• Positive Sentiment: Cantor Fitzgerald reaffirmed its “Buy” rating on COIN, noting the exchange’s strong market position and growth prospects amid rising institutional crypto adoption. Cantor Fitzgerald Reaffirms Their Buy Rating on Coinbase Global (COIN)
• Positive Sentiment: CEO Brian Armstrong said AI now writes over 40% of Coinbase’s code, with a goal of 50% by October—highlighting the firm’s focus on tech efficiency and rapid feature deployment. Coinbase CEO wants AI to write 50% of his platform’s code by October
• Positive Sentiment: RedStone closed its acquisition of Credora, a Coinbase-backed oracle provider, to deliver a combined real-time pricing and risk oracle—strengthening Coinbase’s DeFi infrastructure partnerships. RedStone acquires Coinbase-backed Credora to deliver combined real-time pricing and risk oracle
• Neutral Sentiment: Seeking Alpha highlighted covered-call ETFs like Bitwise’s ICOI, which uses synthetic options on Coinbase, and noted the appeal of income-focused strategies tied to COIN’s liquidity. Dividend Power: 2 ETFs That Could Supercharge Your Income Portfolio
• Neutral Sentiment: Coinbase filed suit against Dynapass Inc. seeking a declaratory judgment that its two-factor authentication implementation doesn’t infringe and challenging the patent’s validity. Coinbase Sues Firm Over 2FA Patent Claims
• Negative Sentiment: Insider Paul Grewal sold 10,000 COIN shares at an average price of $304.52, reducing his stake by 10.8%, which put additional pressure on the stock. Coinbase Global (NASDAQ:COIN) Insider Paul Grewal Sells 10,000 Shares