Coinbase stock sinks 25% within a year of joining S&P 500

Launched by Brian Armstrong and Fred Ehrsam successful 2012, Coinbase Global (Nasdaq: COIN) is the largest crypto trading speech successful the United States.

The exchange, already fashionable for its crypto offerings, has besides made its foray into prediction markets and stablecoins.

In fact, the company's stablecoin concern is simply a large contributor to the revenue.

This is wherefore Coinbase is among the apical stakeholders successful the CLARITY Act, the stablecoin rewards proviso of which generated a batch of animosity betwixt the crypto and banking industries.

Related: Coinbase CEO proposes astonishing hole to $60B remittance fees

Coinbase joins S&P 500 successful May 2025

Coinbase, which went nationalist successful 2021, was included successful the S&P 500 benchmark in May 2025. The scale is composed of large-cap tech companies on with different players.

For a crypto institution to gain the much-coveted spot connected the benchmark was a disruptive infinitesimal for the planetary markets, arsenic the S&P 500 is dominated by established tech players.

The announcement enthused the company's stock, and it deed the all-time precocious (ATH) of $444.65 connected July 18, 2025.

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Coinbase banal down 25% successful a twelvemonth

But the flash clang connected Oct. 10 shocked the full crypto market, and Coinbase was nary exception.

Since then, the banal has failed to retrieve arsenic it fell from implicit $400 connected Oct. 10, 2025, to arsenic debased arsenic $139.36 connected Feb. 12, 2026.

In fact, the Coinbase banal has sunk 25% successful worth since joining the S&P 500.

When it joined the benchmark connected May 19, 2025, the banal opened astatine $259.78. A twelvemonth later, it closed astatine $189.44 connected May 18, 2026, reflecting a diminution of much than 25%.

The COIN banal was trading astatine $190.15 successful premarket hours connected May 21.

Related: Coinbase announces layoff up of earnings

This communicative was primitively published by TheStreet connected May 21, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.