Donald Trump won the US presidential election in November 2024, and since then, trading volumes on Coinbase have skyrocketed. Why? Because Trump made a number of positive promises for the crypto industry. Interestingly, Bitcoin is still struggling in 2025, while Coinbase stock has already risen by almost 10%.
Coinbase profits thanks to Trump
Weekly trading volumes on Coinbase rose to their highest level in two years in the fourth quarter of 2024. This increase followed Donald Trump’s election victory, which marked the end of Operation Chokepoint 2.0 – a Biden administration program designed to restrict the crypto industry.
Since then, Coinbase stock has risen 40%.
It is noteworthy that the increase in trading volume is mainly due to institutional investors. Retail investors seem to be showing less interest in Bitcoin and the rest of the crypto market during this bull market.
“Retail investors, who pay the highest transaction fees, have not yet returned in full strength. Their share of trading volume has fallen to 18%, down from 40% in 2021,” said Kaiko.
Coinbase generates almost 50% of its revenue from subscriptions and services
At its core, Coinbase is of course a trading platform, but according to the data, an interesting development is emerging.
An increasing proportion of revenue comes from subscriptions and services. Only about 50% of revenue comes from transaction fees from trading on the exchange.
However, the subscriptions and services also relate to the crypto industry and therefore do not offer any protection against the decline in revenue that Coinbase experiences in bear markets.
Many investors use Coinbase stock to invest indirectly in Bitcoin and crypto. Coinbase stock often reacts more extremely to Bitcoin price movements, making it a type of leveraged investment.
Additionally, investors are betting on the stock to invest in the industry without having to choose specific altcoins. The downside is that you have to hope that Coinbase remains the largest provider in the US.
COIN Price Analysis & Trading Tips
COIN is currently trading at $280.63, consolidating around a key support zone between $265 – $275. The stock has faced resistance in the $285 – $290 range, with a stronger supply zone visible between $300 – $310. The Relative Strength Index (RSI) is at 53.93, indicating neutral momentum with a slight bullish bias.
COIN has been trading within a defined range, suggesting a possible accumulation phase. The $290 resistance level has been tested multiple times, acting as a critical level for a breakout. If buyers gain control, a push towards $310 – $320 is possible. Conversely, failure to hold $270 support could see COIN retesting the $250 – $260 area.
The RSI remains neutral, meaning there is still room for an upward move. A breakout above $290 with strong volume would confirm bullish momentum, while a drop below $270 may signal weakness.
Trading Tips
- Bullish Setup: Look for a break above $290 with high volume, which could push the price toward $310 – $320 in the short term.
- Bearish Setup: If COIN falls below $270, it may find support around $250 – $260, creating a potential buying opportunity for long-term investors.
- RSI Strategy: A move above 60 on RSI could confirm bullish continuation, while a drop below 40 may indicate further downside risk.
Overall, COIN is at a crucial decision point, with traders watching for a breakout or breakdown to determine the next significant move.
