Shares of Coinbase climbed 3% after JPMorgan raised its rating, citing stronger trading volumes and improving profitability from higher retail activity. The brokerage said recent fee optimizations and expanding institutional partnerships could drive earnings resilience through 2026. Investor confidence in crypto exchanges improved following the upgrade, as Bitcoin and Ethereum prices stabilized. Analysts believe Coinbase’s focus on regulatory compliance and global expansion strengthens its competitive positioning, signaling growing optimism across the broader digital-asset ecosystem despite lingering market volatility.