Coinbase Shares Soar 14.6% After CEO Trump Meeting and Crypto Endorsement
Coinbase Global shares surged 14.6% after CEO Brian Armstrong met privately with President Trump, who publicly urged banks to support cryptocurrency legislation. Full-year 2025 revenue rose 9.4% to $7.18 billion while net income fell 50% to $1.28 billion, and Q4 revenue declined 21%, resulting in a $666.7 million loss.
1. CEO Meets President Trump
Coinbase CEO Brian Armstrong held a private meeting with President Donald Trump, who later called on banks to make favorable deals with the cryptocurrency industry and to advance the Clarity Act for digital asset regulation.
2. Share Price Reaction
Following the meeting and presidential support, Coinbase shares jumped 14.6% and Bitcoin prices rallied roughly 8%, reflecting renewed investor optimism about regulatory clarity and legislative progress.
3. Financial Results
For the full year 2025, Coinbase reported revenue of $7.18 billion, up 9.4%, while net income dropped 50% to $1.28 billion. In Q4, revenue fell 21% to $1.78 billion, leading to a net loss of $666.7 million.