On the 1st (local time), the stock price of Coinbase, a cryptocurrency exchange listed on the U.S. stock market, rose to $257, the same as on January 2nd.
It started at $1,000 and closed at $172 on March 31. This is the worst performance since FTX collapsed in November 2022, when Coinbase shares fell from $66 on October 3 to $35.
Coinbase's influence in the cryptocurrency market continues to grow. Recently, industry experts have warned that Coinbase may be considering a deal to buy Ethereum.
The report noted that as the largest node operator on the Amunet network, it could potentially cause issues with centralization on the network.
Coinbase plans to release its first-quarter 2025 financial results in early May. According to the shareholder letter,
The company expects transactional revenue of about $750 million, while subscription service revenue is expected to be between $685 million and $765 million. Net income for the first quarter is still expected to be $1.
Although it has not been disclosed, MarketBeat's analysis predicts it will reach $1.87 billion. Not only Coinbase, but most public cryptocurrency companies are also in the early stages of their expansion.
The biggest drop occurred in a single quarter. Major mining company MARA Holdings (MARA
Holdings fell 37% from $17.50 to $11.00, while Riot Platforms
Riot Platforms fell more than 32% from $10.50 to $7.12. Bitfarms halved from $1.56 to $0.7882.
Data center and mining company Hut 8 also fell nearly 45%, from $21.10 to $11.62. Hut 8 was recently named as a stock by President Donald Trump.
Together with his sons, he launched American Bitcoin, the world's largest Bitcoin mining and strategic storage project.
Hive Digital Technologies
Technologies fell by half from $2.97 to $1.45, while mining hardware maker Canaan Creative
aan Creative) plunged 58.4% from $2.11 to $0.8778.
2025/04/02 14:55 KST
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