Why Did Coinbase Plunge 10.9%? Earnings Miss Sparks Sell-Off

On August 1, 2025, Coinbase Global's stock experienced a significant drop of 10.9% in pre-market trading, reflecting investor concerns and market sentiment.

Coinbase's stock has been under pressure following the release of its second-quarter earnings report, which showed a decline in adjusted profit. This news led to a sharp decline in the company's shares, with a notable drop of 11.2% in Frankfurt-listed shares on Friday. The company's stock also fell almost 7% in after-hours trading on Thursday, immediately after the earnings report was released.

The decline in Coinbase's stock price can be attributed to the company missing its second-quarter sales targets, which further dampened investor confidence. Despite gaining nearly 54% in 2025 due to crypto enthusiasm and its inclusion in the S&P 500 index, the recent earnings report has raised concerns about the company's financial performance and future prospects.