Coinbase's progress in 2025: Inclusion in the S&P 500 and completion of multiple acquisitions.

On January 7th, Coinbase released its 2025 Year in Review, outlining the company's key achievements 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 M&A transactions throughout the year, with the acquisition of Deribit being disclosed as one of the largest M&A deals in crypto history. In the same year, Coinbase listed a record number of assets, the SEC withdrew its lawsuit against the company, and the regulatory environment in Europe and the US improved. In terms of business, Coinbase launched futures and perpetual contracts, US stock trading and prediction markets, crypto asset lending, and integrated DEX trading functionality in 2025, while also obtaining an EU MiCA license. Regarding institutional business, its assets under custody were disclosed to be approximately $300 billion. The Base network achieved Stage 1 decentralization progress, and the stablecoin, payment, and developer ecosystems continued to expand. Coinbase stated that 2025 was a year of focused delivery and execution, and the company will enter a new phase of development in 2026.