Despite a strong crypto market recovery in the first week of May, Coinbase stock prices have remained stagnant, raising questions about why investors are hesitant despite positive market trends. While the broader cryptocurrency space saw robust growth, Coinbase’s price has lagged behind, potentially due to factors such as missed Q1 earnings and reduced trading revenue. 2025 data suggests a dip in trading volume, along with decreased dominance compared to competitors like Binance. This lackluster performance may have contributed to investor pessimism, but the recent acquisition of Deribit could be seen as a potential catalyst for growth and re-establishment of Coinbase’s dominance in the derivatives market.