Coinbase Eases China Onboarding as Stock Climbs

The policy change, confirmed by company representatives following reports from Wu Blockchain, allows users to bypass previous mandates requiring Hong Kong-based addresses. While the firm has stopped short of announcing a formal return to the mainland Chinese market, the move reflects a broader industry push to capture international growth as global digital asset adoption accelerates.

Investors responded positively to the update, driving the stock price above $160 during the session. This rally coincides with a wider crypto market recovery prompted by cooling U.S. inflation data. Despite this short-term momentum, the company faces significant headwinds. Shares remain down nearly 38% over the last six months, compounded by the impending departure of Chief Legal Officer Paul Grewal. Furthermore, competition is intensifying, particularly with the arrival of the Robinhood Chain, which has already reported robust early transaction volumes. Analysts remain wary of whether these incremental onboarding improvements can sustain long-term growth against such aggressive market rivals.