Coinbase shares have fallen in price by 35% since the beginning of the year

The Coinbase Stock Stocks fell 34.8% in the first quarter of 2025. This was the worst result of the company since the collapse of the FTX trading platform in November 2022.

Annual COINBASE Stock Price Schedule. Data: Google Finance.

At the time of writing, the cost of the shares was $ 174.52, while at the beginning of the year they traded at $ 257.

Other public crypto companies, such as Marathon Digital Holdings and Riot Platforms, also recorded noticeable losses for the first quarter. Marathon lost 37%, Riot – more than 32%.

In a letter from Coinbase to the shareholders, she stated that in the I quarter she received about $ 750 million from transactions as of February 11. The company expects that the prepayment will be $ 685 million to $ 765 million.

The company should publish the exact financial results of the first quarter in May.

Regulators continue to abandon COINBASE claims. On February 27, the US Securities and Exchange Commission (SEC) closed the case against the platform for work without registration.

On April 1, the Kentucky State Financial Institutions Department abandoned COINBASE claims related to the Stacking Program.

Previously, the cases against the exchange were closed by Vermont and South Carolina regulators.

In addition, the social network X demanded to block access to the US Tax Service (IRS) to COINBASE users.

On Friday, the company was submitted by Amicus Curiae – a statement that supports the interests of James Garper, a client of the Exchange, whose data IRS was invited in 2020.

We will remind, on March 3, Coinbase demanded to provide data on how much SEC spent on law enforcement measures during the exchanger Geri Gensler. The request is submitted within the framework of the Law on Freedom of Information (FOIA).

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