Coinbase Stock Falls 33% in Worst Quarter Since FTX Collapse as Crypto Market Declines
Coinbase shares dropped 33% in the first quarter of 2025, making it the company’s worst quarter since FTX collapsed in 2022.
Coinbase shares dropped 33% in the first quarter of 2025, making it the company’s worst quarter since FTX collapsed in 2022. The stock opened the year at just over $257 and ended March at around $172. Despite this decline, Coinbase expects to report between $685 million and $765 million in subscription revenue, with analysts estimating total Q1 earnings at $1.87 billion.
Bitcoin has fallen more than 20% from its all-time high, and Ethereum has dropped over 45%. Crypto-linked stocks followed a similar pattern. Marathon Digital Holdings lost over 37%, Riot Platforms fell by 32%, and Bitfarms saw nearly half its value…
