According to @StockMKTNewz, Coinbase (COIN) said it is leaving Delaware and plans to reincorporate in Texas, as reported by CNBC, source: @StockMKTNewz and CNBC. Coinbase’s chief legal officer stated, "Delaware’s legal framework once provided companies with consistency. But no more," providing the stated rationale for the move, source: CNBC and @StockMKTNewz. For traders, the confirmed reincorporation plan and executive rationale constitute a governance headline to monitor for COIN, source: CNBC and @StockMKTNewz.

According to CNBC, Coinbase shares rose after the company reported a third-quarter earnings beat, signaling results ahead of expectations for Q3 2025 (source: CNBC). The move was reported on October 30, 2025, as investors reacted to the earnings beat (source: CNBC).

According to @business, Coinbase (COIN) shares rose more than 4% after the largest US crypto exchange reported third-quarter revenue that exceeded Wall Street estimates, indicating a positive price reaction to the earnings beat (source: Bloomberg via @business, Oct 30, 2025). The move highlights event-driven momentum in crypto-exposed equities following stronger-than-expected results (source: Bloomberg via @business, Oct 30, 2025).