This Friday, the shares of US cryptocurrency exchange Coinbase hit a new record high for the first time since the company’s initial public offering (IPO) that took place in early 2021.
Its shares reached a new intraday high of $433 earlier today, with the company’s market cap swelling to nearly $110 billion.
Coinbase’s previous record high of $429, which was reached during the peak of the IPO frenzy in April 2021, had remained untouched for more than four years.
The company has experienced a roller-coaster ride over the past several years. During the FTX-induced market crash in late 2022, the COIN stock collapsed to its current low of just $31.
The Coinbase stock has been on a tear in 2025 due to major regulatory breakthroughs and its long-awaited S&P 500 inclusion.