A Pivotal Year for Crypto in Mainstream Finance
For Coinbase, 2025 was a landmark year. The company became the first crypto-native firm to join the S&P 500, marking a major step toward the broader acceptance of digital assets within traditional finance.
Record M&A Activity and Full-Stack Expansion
Coinbase completed a record 10 acquisitions in 2025, the most active year in its history. The acquisition of Deribit was one of the largest in crypto history. Through integrations like Liquifi and Echo, the company is building a full-stack platform covering issuance, fundraising, and secondary trading.
Regulatory Progress Shapes the Industry
Regulatory developments marked a turning point. The SEC dropped its case permanently, offering a positive outlook for the sector. Coinbase played a key role in shaping U.S. crypto policy, supporting the GENIUS Act for federal stablecoin standards and the CLARITY Act for clearer market structure rules.
Global Growth and Product Innovation
Coinbase secured a MiCA license in the EU, upgraded U.S. products including futures and perpetual contracts, and launched stock trading, prediction markets, and crypto-backed loans. The firm also integrated DEX functionality, and the Base ecosystem advanced to Stage 1 decentralization.
Institutional Strength and the Road Ahead
With $300 billion in institutional assets under custody, Coinbase solidified its position as a trusted partner for large investors. The company described 2025 as a year of intense execution and progress—laying the foundation for next-generation financial infrastructure and entering a new phase of development in 2026.