COIN Stock Jumps 10% as Coinbase Files for U.S. Perpetual Futures
Coinbase COIN Stock Jumps 10% on SEC Perpetual Futures Filing
Coinbase stock had a big day on Thursday. Shares of Coinbase Global Inc (NASDAQ: COIN) closed up more than 10%, jumping from $174.96 to $192.70.
The move came after Coinbase filed paperwork with the U.S. Securities and Exchange Commission to offer stock perpetual futures to American traders.
This is a major step for the crypto exchange. It also comes at a time when Bitcoin is rallying, and Washington is getting closer to passing new crypto rules.
Traders are asking one simple question now: how high can COIN stock go from here?
What Is COIN Stock Price Today?
| Metric | Value |
| Price | $192.70 |
| Change | +$17.74 (+10.14%) |
| Day's range | $181.00 - $195.85 |
| 52-week range | $139.11 - $402.16 |
| Market cap | $50.841B |
| Volume | 13,702,150 |
| Average volume | 8,535,266 |
| Beta (5Y monthly) | 3.36 |
| Earnings date (est.) | Oct 29, 2026 |
| 1-year target estimate | $198.97 |
COIN stock is still trading far below its 52-week high of $402.16. That shows how much room the stock has lost over the past year, even after Thursday's rally.
What Did Coinbase File With the SEC?
The company submitted two notice registrations to the SEC on September 1. Each filing covers a different part of the company's plan.
Coinbase Derivatives filed Form 1-N. This form is used by exchanges that want to list security futures products.
Coinbase Financial Markets filed Form BD-N. This lets the company act as a limited-purpose broker-dealer for security futures.
Coinbase Chief Policy Officer Faryar Shirzad said the filings are the first regulatory step toward bringing equity perpetuals onshore.
The next step is getting product approval from the Commodity Futures Trading Commission (CFTC).
Why Are Single Stock Perpetuals a Big Deal?
Coinbase already offers stock perpetual futures outside the United States. Traders there can get exposure to companies like Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla, along with the SPY and QQQ ETFs, without owning the actual shares.
These contracts settle in USDC and use funding payments to keep prices close to the real stock price.
Bringing this product to the U.S. would open a large new revenue stream for Coinbase. It would also put the company in more direct competition with traditional brokers.
No launch date, stock list, or leverage limit has been announced yet.
Why Did COIN Stock Jump 10% Today?
The filing wasn't the only reason for the rally. A few things lined up at once:
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Bitcoin had a strong rally on the day
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The company posted its 14th straight quarter of positive Adjusted EBITDA
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The company grabbed a record 10.3% share of global crypto trading volume
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Fed Governor Christopher Waller signaled he may support holding interest rates steady
CEO Brian Armstrong also said he is confident the Digital Asset Market Clarity Act can pass the Senate in September. That bill would set clearer federal rules for crypto, which could help Coinbase attract institutional investors who have stayed on the sidelines.
Is COIN Stock Bullish or Bearish Right Now?
COIN tested its 100-day moving average as support on Wednesday. On Thursday, the stock rallied straight into the 200 SMA/EMA resistance zone near $195 to $200, where sellers stepped in.
The 50-day moving average is starting to curl upward. That's often an early sign the medium-term trend could be shifting back to bullish.
| Level | Price | Meaning |
| Resistance | $195 - $200 | 200 SMA/EMA zone, sellers active here |
| Extended target | $210 - $220 | Possible if $200 is reclaimed |
| Stretch target | $230 | Extended bullish scenario |
| Support | $190 - $195 | Must hold to keep bullish setup alive |
| Deeper support | $173 - $175 | EMA support if $190 breaks |
| Major bottom | $139 | Recent swing low |
RSI is sitting above 60, which shows buyers are in control without the stock being deeply overbought yet.
COIN also broke out of a bull flag pattern recently. That, combined with the rising 50 SMA and a successful 100 SMA test, keeps the broader setup leaning bullish.
Coinbase Price Prediction: What Could Happen Next
A daily close above $200 would be a strong signal. That could open the door toward $210 to $220, with $230 as a further extended target if momentum holds.
On the flip side, if COIN loses the $190 level, a pullback toward the $173 to $175 support zone becomes more likely.
Regulation remains the bigger story here. If the Digital Asset Market Clarity Act moves through the Senate as Armstrong expects, that could give the stock a longer runway to expand products like single stock perpetuals. If the bill stalls, sentiment could cool off just as fast as it heated up.
Nothing here is guaranteed. COIN stock has swung wildly over the past year, and the SEC filing is only an early step, not a finish line.
Disclaimer
This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency and stock markets are highly volatile and unpredictable. Always do your own research and consult a licensed financial advisor before making any investment decisions. Past performance is not indicative of future results.
