Coinbase Stocks Slide Over 30% This Quarter, Matching Post-FTX Collapse Lows

Shares of Coinbase (COIN), the largest crypto exchange in the US, have faced significant declines during the first quarter (Q1) of the year, primarily due to escalating concerns about the US economy and its impact on digital assets. Coinbase And Others Face Increased Volatility According to Bloomberg, Coinbase’s stock has dropped more than 30% since the beginning of the quarter, marking its worst performance since the collapse of the FTX exchange in late 2022. This decline is 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) source: https://www.newsbtc.com/news/coinbase-stocks-slide-over-30-this-quarter-matching-post-ftx-collapse-lows/