The post Coinbase stock underperforms in Q1 2025, worst record post FTX saga appeared on BitcoinEthereumNews.com.

Coinbase (COIN) shares declined by over 30% during the first quarter (Q1) of 2025, according to Bloomberg. This was primarily due to escalating concerns about the US economy and its impact on digital assets. The shares started 2025 trading at just over $257 on January 2nd and ended the quarter at a little over $172. Coinbase Global Inc. shares and those of other firms linked to crypto assets plummeted this quarter as growing concerns about the US economy weighed on digital assets. Google Finance data revealed a drop of nearly 33%, making the first quarter of 2025 the worst for Coinbase’s stock performance since the collapse of FTX in November 2022. In Q4 of 2022, Coinbase’s share price went from $66 on October 3rd to $35.4 on December 30th, a loss of nearly 46.4%. Coinbase is expected to release its 2025 financial statements in early May. The firm’s recent shareholder letter revealed that the company generated about $750M in transaction revenue through February 11th and expects subscription revenue of between $685M and $765M. Coinbase drops by over 30% YTD amid market-wide decline Source: Google Finance Coinbase Stock Price Performance YTD Google Finance showed that Coinbase shares fell 33% in Q1 of 2025, dropping from $257 on January 2 to $172 on March 31. The notable drop marked Coinbase’s worst quarter since Q4 2022 when its stock declined 46.4% following the FTX collapse. The decline was reflective of a broader trend affecting nearly all major crypto-linked stocks, including companies like Galaxy Digital Holdings (GLXY.TO), Riot Platforms (RIOT), and Core Scientific (CORZ). TradingView data also revealed that Coinbase’s drop mirrored Bitcoin’s struggles, as the top crypto asset is set to close one of its weakest quarters with an 11% year-to-date loss despite a 16% gain over the past year. Ethereum (ETH) plummeted…

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Filed under: News - @ April 2, 2025 8:25 am