Coinbase COIN Stock Soars 12% on MiCA Approval, Ark Support—$350 Break?
Coinbase stock surged over 12% Tuesday, driven by European regulatory approval and rising institutional investor support, fueling hopes...
Quick overview
- Coinbase stock surged over 12% following the approval of a MiCA license from Luxembourg, allowing it to operate across all EU member states.
- Institutional support, particularly from Ark Invest, has bolstered confidence in Coinbase, with significant increases in their holdings.
- The company's application to the SEC for tokenized stocks and bonds has further fueled its stock rally, contributing to a nearly 30% gain over four sessions.
- Coinbase's recent performance indicates a strong rebound from previous lows, positioning it as a leader in the evolving landscape of crypto and traditional finance.
Coinbase stock surged over 12% Tuesday, driven by European regulatory approval and rising institutional investor support, fueling hopes for broader tokenized equity expansion.
New European License Sparks Buying Frenzy
Coinbase (NASDAQ: COIN) led the S&P 500 on Tuesday, surging more than 12% to close at $344.82 after reaching $348.55 intraday—its highest level since December. The rally continues a blistering four-session run, with COIN gaining nearly 30% during that stretch.
This latest leg higher was driven by a major regulatory milestone: Coinbase secured a MiCA license from Luxembourg’s financial regulator, making it the first U.S. crypto exchange to obtain approval under the EU’s new crypto asset regulations. The MiCA license now allows Coinbase to offer services seamlessly across all 27 EU member states, significantly expanding its footprint in the European market.
Institutional Backing Reinforces Confidence
Another driver behind Tuesday’s rally was renewed institutional support. Cathie Wood’s Ark Invest added 1,519 shares to its already substantial COIN position, bringing its holdings to over $159 million—representing 7.82% of total assets. Ark’s continued confidence is widely seen as a bullish signal for retail and institutional investors alike.
SEC Tokenization Filing Adds Fuel
In addition to its European breakthrough, Coinbase’s earlier application to the U.S. SEC to offer tokenized stocks and bonds has added further momentum. The announcement, made last week, triggered a 28% rally in the share price. With an additional 14% gain since, COIN has now convincingly surpassed its May high and is inching closer to reclaiming its 2024 peak near $350.
Rebound from Technical Support
After a major bull run from $32 to $350 between 2023 and 2024, Coinbase experienced a steep correction, bottoming near $143 in April 2025—just above its 200-week simple moving average. This key level provided firm support, sparking a turnaround that saw prices rise steadily through May and June.
Conclusion: Coinbase’s resurgence reflects growing institutional trust, regulatory clarity, and market excitement around tokenized finance. With the EU MiCA license secured and U.S. tokenization ambitions underway, COIN appears poised to reclaim its place as a market leader at the intersection of crypto innovation and traditional finance.
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