On November 22, 2025, Coinbase executed a major wallet migration to enhance security standards, transferring assets between wallet addresses under its control. The company emphasized that users would experience no downtime and that deposit addresses would remain unchanged, framing the move as part of a broader strategy to strengthen infrastructure amid rising DeFi demand and regulatory scrutiny[4]. This migration follows Coinbase’s aggressive expansion, including the recent acquisition of Vector, a Solana-based trading platform, and ongoing international growth initiatives. The stock closed at $240.41 (+0.94%) on November 21, 2025, with recent volatility reflecting both crypto market weakness and company-specific developments.