Coinbase Global (COIN) Climbs 14.6% on CEO-Trump Meet, Crypto Backing

Coinbase Global Inc. (NASDAQ:COIN) is one of the 10 Stocks Dominating Today's Market Action.

Coinbase Global soared by 14.57 percent on Wednesday to finish at $208.93 apiece, following news that its chief executive sat down privately with President Donald Trump, who later publicly reiterated his backing for the cryptocurrency sector and the passage of the Clarity Act.

A news article by Politico said that Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong met with Trump on Tuesday, albeit details of the discussion were not divulged.

Shortly after, Trump took to his social media account to criticize banks, saying that they “need to make a good deal with the Crypto Industry” in order to advance the passage of a digital asset legislation that has stalled in the US Congress.

“The Genius Act is being threatened and undermined by the banks, and that is unacceptable—we are not going to allow it. The US needs to get market structure done, ASAP,” Trump said.

Trump’s comments propelled prices of Bitcoin during the day, surging as much as 8 percent to claw back to the $73,000 level.

In other news, Coinbase Global Inc. (NASDAQ:COIN) earlier this month announced a strong revenue performance for both the full-year and fourth quarter of 2025.

In the full-year period, revenues jumped by 9.4 percent to $7.18 billion from $6.56 billion in 2024. However, net income attributable to shareholders declined by 50 percent to $1.28 billion from $2.59 billion year-on-year.

In the fourth quarter alone, revenues declined by 21 percent to $1.78 billion from $2.27 billion, resulting in a net loss of $666.7 million versus a $1.29 billion net income attributable to shareholders in the same period a year earlier.

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