Coinbase ends the first quarter of 2025 with a 33% drop in its stock, marking the worst performance since the FTX collapse in 2022.
Coinbase Stock Decline
Coinbase shares began 2025 at just over $257 and ended Q1 slightly above $172. This 33% fall marks the worst quarter for the company since the end of 2022, when its shares plummeted from almost $66 to $35.4 over a similar period.
Overall Crypto Market Downturn
Coinbase is not alone in its struggles. Most publicly traded crypto companies also faced declining stock prices in Q1 2025. Major crypto mining firms like Marathon Digital Holdings and Riot Platforms saw significant value loss.
Geopolitical Factors
The broader stock market, including cryptocurrencies, is also experiencing challenges partly due to geopolitical shifts. U.S. President Donald Trump continues a trade war, leading to market uncertainty.
Q1 2025 has proved challenging for Coinbase and other crypto companies, influenced by internal market factors and external geopolitical pressures.
