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Coinbase Joins S&P 500 After Completing Ten Acquisitions Including Deribit

According to Coinbase’s 2025 review, it joined the S&P 500, saw SEC litigation withdrawn, secured an EU MiCA license, advanced Base to Stage 1 decentralization, logged record listings, and held about $300 billion in custody.

Summary

In its 2025 year-in-review, Coinbase officially announced it became the first crypto-native firm in the S&P 500, completed 10 acquisitions including Deribit, achieved a record pace of asset listings, saw SEC litigation withdrawn, and obtained an EU MiCA license. The company reported about $300 billion in custody assets and confirmed its Base network reached Stage 1 decentralization.

Terms & Concepts
  • EU MiCA license: Authorization under the European Union’s Markets in Crypto-Assets framework, enabling compliant crypto services across EU member states.
  • Base network: Coinbase’s Ethereum Layer-2 network designed to scale transactions with lower fees while leveraging Ethereum security.
  • Stage 1 decentralization: An early decentralization milestone for rollups indicating increased security guarantees and reduced reliance on centralized operators.