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Coinbase of Crypto Exchange, listed on the United States, has seen its worst quarter since the collapse of Crypto Exchange FTX in 2022.

Coinbase shares began 2025 merchants at just over $ 257 on January 2 and ended the quarter at just over $ 172 on March 31, a drop of 33%, according to market data.

This is the first quarter of 2025 the worst for the performance of Coinbase actions since the collapse of FTX in November 2022. In the 4th year, its share price increased from almost $ 66 on October 3 to $ 35.4 on December 30, a loss of 46.4%.

Coinbase has taken an important foot on the cryptography market. Its prevalence is important enough for some industry experts to recently declared its emergence at Cointelegraph as the largest node operator in the Ethereum network raises concerns concerning the centralization of the network.

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Coinbase is expected To publish its finances of 2025 in early May. The recent letter of the shareholders of the company shows that the company has generated around $ 750 million in transaction income until February 11 and provides for a turnover of $ 685 million to $ 765 million. Although Coinbase has not yet published its profit figures in the first quarter, MarketBeat Analysis estimates that they are around $ 1.87 billion.

A large -scale slowdown in crypto

Most of the cryptographic companies listed on the stock market have declared similar results in the first quarter of 2025. The large Cryptography Extraction Company Marathon Digital Holdings began the first quarter at almost $ 17.50 and closed it at $ 11.00, a loss of more than 37%.

The Competing Crypto Operating Company Riot Platforms opened its doors in the first quarter of 2025 at just under $ 10.50 and ended it at $ 7.12, a loss of more than 32%. Bitfarms, an energy infrastructure company and the crypto extraction company, opened the year to $ 1.56 and closed the first quarter to $ 0.7882, losing almost half of its value.

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The Crypto Hut 8 Crypto Society and the Society of Extraction started the year at $ 21.10 and ended the quarter at $ 11.62, resulting in a loss of almost 45%. The company continues to paint red candles when writing the editorial’s time despite its recent partnership with the sons of American president Donald Trump to launch American Bitcoin, aimed at building Bitcoin’s largest exploration operation in the world with strategic reserves.

The list continues. The data center and the mining company Hive Digital Technologies saw its stock go from $ 2.97 to $ 1.45 in the first quarter, losing more than half of its price. Finally, the mines’ equipment producer, Canaan Creative, started the quarter at $ 2.11 and ended at $ 0.87778 for a loss of almost 58.4%.

Geopolitics plays a role

The larger stock market, not only the cryptographic industry, has also taken up significantly a large success with recent geopolitical changes. The United States’s stock market index, S&P 500, opened the quarter to $ 5,890 and closed at $ 5,610 – losing more than 4.75%.

Market players feel uncertain while US President Donald Trump continues to carry out a trade war on several fronts. This week, reports suggest that concerns about a world trade war are continuing to put pressure on traditional markets and crypto-monnai Announcement of the potential American price on April 2.