Coinbase Stock Soars 11.8% as U.K. Greenlights Multi-Asset Trading Ambition

Coinbase (COIN) stock has surged by 11.8% following regulatory approval from the U.K. to offer multi-asset trading services, marking a significant milestone in its 'everything exchange' ambition.

The move allows retail and institutional clients to access equities and perpetual futures alongside cryptocurrencies on Coinbase's platform, potentially broadening its revenue mix beyond core crypto trading.

This approval directly tests whether Coinbase can successfully diversify beyond crypto spot trading into tokenized equities and derivatives, a key aspect of its transformation plan.