Coinbase's stock experienced a 2.26% decline, trading at $325.10, while the company ranked 25th in U.S. equities by trading volume after acquiring Deribit, a major crypto options platform. Analysts expect increased altcoin market activity in Q3 2025 due to anticipated Federal Reserve rate cuts and a favorable macroeconomic environment, bolstered by Deribit's strong trading metrics and infrastructure. The strategic acquisition aims to enhance Coinbase's derivatives offerings and overall market presence.