**[Coinbase Reviews Key Developments in 2025: Inclusion in S&P 500 and Completion of Largest Merger in History]**
On January 7, Coinbase officially reviewed the major developments of 2025: the company became the first crypto-native enterprise to be included in the S&P 500 index and completed 10 acquisitions throughout the year, including the acquisition of Deribit, setting a record for the largest merger in the crypto industry’s history. Coinbase also achieved a historic high in the number of asset listings, saw the SEC voluntarily withdraw its lawsuit, and witnessed significant improvements in regulatory environments across the U.S. and Europe.
In terms of business, Coinbase launched futures and perpetual contracts, U.S. stock trading and prediction markets, crypto-backed loans, integrated DEX trading, and obtained the EU MiCA license. Institutional custody business reached $300 billion in scale. The Base network achieved Stage 1 decentralization, while the ecosystem for stablecoins, payments, and developers continued to expand.
Coinbase described 2025 as a “year of high-intensity delivery” and is set to move into a new phase in 2026.