Coinbase (COIN) stock closed 5.75% higher at $173.97 on Sept. 17 as investors assessed the crypto exchange’s new banking partnership with Stablecore alongside 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 their existing banking platforms, with Stablecore’s technology potentially reaching more than 3,000 U.S. institutions.

The move highlights Coinbase’s expansion beyond its direct exchange business, 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, adding another regulatory catalyst as COIN 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.

White-label technology lets an institution offer a product under its own brand while a third party runs the underlying systems, sparing community banks and credit unions from building digital asset custody, trading, and compliance infrastructure themselves.

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. The pilot’s progress will provide an early look at whether bank customers use crypto services delivered through their existing institutions.

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 stock’s advance 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. The exemption is scheduled to expire five years after publication.

Tokenized stocks are blockchain-based representations of conventional shares, and the permissioned market maker structure means liquidity is limited to approved participants rather than open pools.

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.

With the market-structure bill stalled, temporary agency measures such as the Innovation Exemption currently provide the main federal pathway for tokenized stock trading, and the Digital Asset Market Clarity Act could still return to the Senate floor.

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, representing roughly 15.7% upside from the September 17 closing price of $173.97. Individual estimates, however, range from $95 to $330, reflecting 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 resistance. A sustained break above that resistance could bring the $201.31 average analyst target back into focus for the 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.

Source: The Market Periodical