Summary
- Coinbase's stock price dropped about 20% last week.
- This decline occurred after the announcement of the Q2 earnings report.
- Coinbase’s Q2 net operating profit per share decreased by 88.8% year over year.
The stock price of global cryptocurrency exchange Coinbase (BASE) fell by about 20% last week.
On the 4th (local time), cryptocurrency-focused media outlet CoinDesk reported, "Coinbase suffered a nearly 20% decline last week, and is currently trading at $314.69. This marks the worst weekly performance since September 2024, driven by a sell-off following Thursday’s Q2 earnings release."
According to Coinbase's Q2 earnings report, Coinbase’s net operating profit per share was approximately $0.12, down 88.8% year over year.
YM Lee
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