Coinbase Faces Worst Quarter Since FTX Collapse Amid Industry Bloodbath

Publicly traded cryptocurrency exchange Coinbase is experiencing its worst quarter since the collapse of FTX in 2022. Shares of Coinbase tumbled by over 33% from January 2nd to March 31st, 2025, according to market data, marking the first quarter with such substantial losses since FTX’s downfall in November 2022. Notably, this marks a significant decline for Coinbase, which has struggled alongside other crypto businesses during a turbulent start to 2025.