Coinbase Trading Volume Plummets 26.33% to $1.31 Billion Ranking 65th in Daily Stock Market

On March 31, 2025, Coinbase Global (COIN) experienced a significant decline, with its trading volume dropping by 26.33% to $1.31 billion, placing it at the 65th position in the daily stock market rankings. The stock price fell by 0.98%, marking the fourth consecutive day of decline, with a total decrease of 15.67% over the past four days.

In March, Coinbase users reported losses exceeding $46 million due to phishing scams. Notably, a single incident involved the theft of 400 Bitcoin, valued at approximately $34.9 million. These scams exploited vulnerabilities in transaction processes, highlighting the ongoing security challenges faced by the cryptocurrency exchange.

South Carolina recently dismissed its lawsuit against Coinbase regarding its staking services, following a similar move by Vermont. This legal development was seen as a victory for American consumers, as it reduces regulatory uncertainties surrounding Coinbase's operations.