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Coinbase stock surged to a record $436 on July 18, fueled by investor optimism after major crypto legislation advanced in the US. The rally pushed the exchange’s market cap past $100 billion, marking a 14% weekly gain.
- Coinbase stock hit $436, a record high since its 2021 Nasdaq debut, amid crypto regulatory progress.
- US House-approved bills (GENIUS/CLARITY Acts) boosted market confidence, with Coinbase CEO calling them pivotal for industry growth.
- Institutional buying (e.g., Alaska's $8M stake) contrasted with insider sales ($230M), sparking valuation debates.
📎 Source reference: cryptoslate.com