COIN Stock Soars 5% as Coinbase, Stablecore Expand Crypto Access to 3,000+ US Banks

Coinbase stock closed 5.75% higher at $173.97 on Sept. 17 as investors assessed the crypto exchange’s new Stablecore banking partnership and fresh U.S. regulatory developments around tokenized securities. The agreement gives community and regional banks and credit unions a path to offer crypto trading, custody and stablecoin payments inside existing banking platforms, with Stablecore’s technology potentially reaching more than 3,000 U.S. institutions.

The move matters because Coinbase is expanding beyond its direct exchange business and positioning its regulated infrastructure behind traditional banks. At the same time, the SEC’s Sept. 17 Innovation Exemption opened a temporary pathway for certain tokenized U.S. stocks to trade onchain, giving COIN investors another regulatory catalyst as the stock approaches resistance around $175-$180.

Coinbase and Stablecore Extend Crypto Services Through Banks

Under the partnership, Coinbase will provide regulated digital asset infrastructure, while Stablecore supplies the white-label technology that connects with core banking, digital banking, and compliance systems. The setup is designed to let community and regional banks and credit unions add crypto services without replacing their existing banking platforms.

Coinbase said the arrangement could give more than 3,000 banks and credit unions access to products covering trading, custody, and stablecoin payments. Customers would be able to use these services through their financial institution rather than establishing a separate relationship with a crypto platform.

Amarillo National Bank is among the institutions piloting the offering. The Texas-based bank can provide digital asset services under its own brand while retaining its deposit and lending relationships.

For Coinbase, the agreement expands its infrastructure business alongside the company’s direct crypto exchange operations.

SEC Opens Five-Year Path for Tokenized Stock Trading

The Coinbase stock move also came as the U.S. Securities and Exchange Commission issued an “Innovation Exemption” on September 17 for qualifying tokenized securities venues.

The order grants temporary, conditional relief from the Securities Exchange Act of 1934’s definition of “exchange” for venues that trade tokenized National Market System stocks through permissioned automated market makers and liquidity pools.

However, the exemption is scheduled to expire five years after publication. The SEC said qualifying tokenized shares must provide holders with the same rights and privileges as equivalent traditional NMS stock.

The framework also sets trading limits and requires public, auditable smart contracts deployed on public, permissionless distributed ledgers.

The SEC action followed the Senate’s September 15 failure to advance the Digital Asset Market Clarity Act. The motion to proceed received 49 votes in favor and 50 against, leaving the legislation short of the votes needed to advance.

Coinbase Stock Price Outlook

Wall Street analysts currently show a wide range of expectations for Coinbase. Based on 28 analysts who issued 12-month targets over the past three months, the average COIN stock price target is $201.31.

That average represents about a 15.7% upside from Coinbase’s September 17 closing price of $173.97. Analyst estimates, however, range from $95 to $330, indicating wide differences in expectations for the stock.

Among the 28 analysts tracked, 18 have Buy ratings, nine have Hold ratings, and one has a Sell rating.

From the current Coinbase stock chart structure, the $145 to $150 area remains the main support zone, while $175 to $180 is the nearest resistance.

A sustained break above that resistance could bring the $201.31 average analyst target back into focus for COIN stock price. If the recovery loses momentum, traders may again watch the $145 to $150 region for support.

This article is for informational purposes only and does not constitute financial or investment advice. Analyst price targets, technical levels and business partnerships do not guarantee future stock performance.