Analysts Project Steep Q1 Revenue, Trading Volume Drop for Coinbase Amid Crypto Slowdown
COIN sits 41% above its 52-week low of $139.36.
Summary
Analysts are projecting a significant year-over-year decline in Coinbase's first-quarter revenue and trading volume, with expectations of $1.49 billion in revenue and $222.9 billion in trading volume, down from $2.03 billion and $393 billion respectively in Q1 2025. This outlook, driven by a prolonged crypto trading slowdown, comes just ahead of the company's Q1 earnings report on Thursday. The challenging environment is further underscored by the company's recent 14% workforce reduction, announced on May 5th, aimed at cutting costs. The anticipated slowdown is also reflected in competitor Robinhood's recent 47% drop in crypto trading revenue, suggesting broader industry headwinds. Traders will be closely monitoring Coinbase's official earnings release for confirmation of these trends and any updated guidance.
At the time of this announcement, COIN was trading at $197.10 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $52.3B. The 52-week trading range was $139.36 to $444.65. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.