Coinbase Reviews 2025 Progress: Included in S&P 500 and Completes Multiple M&As

Odaily News Coinbase released its 2025 annual review on January 7th, outlining the company's key developments over the past year. The announcement revealed that Coinbase became the first crypto-native company to be included in the S&P 500 index; it completed 10 merger and acquisition transactions throughout the year, with its acquisition of Deribit disclosed as one of the largest M&A deals in crypto industry history. In the same year, Coinbase listed a record number of assets, the U.S. Securities and Exchange Commission (SEC) withdrew its related lawsuit against the company, and the regulatory environment in Europe and the United States showed signs of improvement.

In terms of business, Coinbase launched futures and perpetual contracts, U.S. stock trading and prediction markets, crypto asset collateralized loans, integrated DEX trading functionality, and obtained an EU MiCA license in 2025. Regarding institutional business, its disclosed assets under custody were approximately $300 billion. The Base network achieved Stage 1 decentralization progress, while its stablecoin, payment, and developer-related ecosystems continued to expand. Coinbase stated that 2025 was a year focused on delivery and execution, and the company is entering a new development phase in 2026.