Coinbase Global Stock Drops 6.59% in Two Days Amid Cybersecurity Concerns Trading Volume Ranks 26th

On May 29, 2025, Coinbase Global (COIN) experienced a 2.14% decline, marking its second consecutive day of losses, with a total decrease of 6.59% over the past two days. The trading volume for the day was 19.24 billion, ranking 26th in the market.

On May 15, 2025, Coinbase Global, Inc. disclosed a material cybersecurity incident, which led to a significant drop in its share price. This disclosure prompted investors to reassess the company's security measures and potential risks, contributing to the decline in stock value.

The cybersecurity incident has raised concerns among investors about the potential impact on Coinbase's operations and customer trust. The company's response to the incident and its efforts to mitigate the damage will be crucial in determining the long-term effects on its stock performance.