Coinbase's stock has experienced a decline of 31% in the first quarter of 2025, marking its worst quarterly performance since the collapse of FTX in 2022. This downturn reflects broader concerns regarding the U.S. economy, which have adversely affected shares of Coinbase and other cryptocurrency-linked firms. The drop in stock value has erased gains made late last year, which were fueled by enthusiasm for President Donald Trump’s pro-crypto agenda. Additionally, some users reported degraded performance on Coinbase's Advanced Trade platform during this period.