Coinbase stock (COIN) hit $350 on October 31 after posting strong third-quarter results and amid reports of acquisition negotiations. The exchange reported $1.9 billion in revenue and $432.6 million in net income for Q3 2025, up 55% year-over-year. Coinbase is in late-stage talks to acquire London-based stablecoin infrastructure provider BVNK for approximately $2 billion, according to Bloomberg.