TechFlow, April 1 — According to Cointelegraph, U.S. cryptocurrency exchange Coinbase saw its stock price drop 33% in the first quarter of 2025, marking its worst quarterly performance since the FTX collapse in 2022. The company expects around $750 million in trading revenue for Q1 and subscription revenue between $685 million and $765 million. Its share price fell from $257 at the beginning of the year to $172 by the end of the quarter.
This trend is not unique to Coinbase. Other crypto companies including Marathon, Riot, and Bitfarms also experienced share price declines ranging from 30% to 58% during the same period. Analysts believe geopolitical factors such as the Trump administration's trade wars have placed significant pressure on both cryptocurrency and traditional markets.
