公開交易的總部位於美國的加密貨幣交易所Coinbase看到了最糟糕的季度

自2022年加密交易所FTX倒閉以來，公開交易的總部位於美國的加密交易所Coinbase最糟糕的季度。

Publicly traded US-based crypto exchange Coinbase (NASDAQ:COIN) has seen its worst quarter since the collapse of crypto exchange FTX in 2022.

自2022年加密貨幣交易所FTX崩潰以來，公開交易的總部位於美國的加密交易所Coinbase（NASDAQ：COIN）已經看到了其最糟糕的季度。

Coinbase shares started 2025 trading at just over $257 on Jan. 2 and ended the quarter at a little over $172 on March 31, a dip of 33%, according to market data.

根據市場數據，Coinbase股票的交易量為2025年，在1月2日的交易價格剛剛超過257美元，並於3月31日以172美元的價格結束，下降了33％。

This makes the first quarter of 2025 the worst for Coinbase’s stock performance since the collapse of FTX in November 2022. In Q4 of that year, its share price went from nearly $66 on Oct. 3 to $35.4 on Dec. 30, a loss of 46.4%.

這使得2025年的第一季度是自2022年11月FTX自FTX崩潰以來Coinbase股票表現最糟糕的。當年第四季度，其股價從10月3日的近66美元到12月30日的35.4美元，損失了46.4％。

Coinbase shares year-to-date price chart. Source: Google Finance

Coinbase分享了年齡至今的價格圖。資料來源：Google Finance

Coinbase has gained a significant foothold in the crypto market. Its prevalence is substantial enough that some industry experts recently told Cointelegraph its emergence as the Ethereum network’s largest node operator raises concerns about network centralization.

Coinbase在加密貨幣市場上取得了巨大的立足點。它的流行率足夠巨大，以至於一些行業專家最​​近告訴Cointelegraph，由於以太坊網絡最大的節點運營商引起了人們對網絡集中化的擔憂。

See Also: South Carolina Cancels Coinbase Case, Joining Vermont In Dismissing Crypto-Related Lawsuits

另請參閱：南卡羅來納州取消Coinbase案，加入佛蒙特州駁回與加密相關的訴訟

Coinbase is expected to release its 2025 financials in early May. The firm’s recent shareholder letter shows that the company has generated about $750 million in transaction revenue through Feb. 11 and expects subscription revenue of $685 million to $765 million. While Coinbase has not yet released its Q1 profit figures, MarketBeat analysis estimates them to be around $1.87 billion.

預計Coinbase將於5月初發布其2025年財務。該公司最近的股東信件表明，該公司已在2月11日之前產生了約7.5億美元的交易收入，並預計訂閱收入為6.85億美元至7.65億美元。儘管Coinbase尚未發布其第一季度的利潤數據，但MarketBeat分析估計它們約為18.7億美元。

Crypto Market Downturn

加密市場低迷

Most publicly traded crypto companies reported similar results in the first quarter of 2025. Major crypto mining firm Marathon Digital Holdings (NASDAQ:HDDI) started Q1 at nearly $17.50 and closed it at $11.00, a loss of over 37%.

大多數公開交易的加密貨幣公司在2025年第一季度報告了類似的業績。主要加密礦業公司馬拉松數字控股公司（NASDAQ：HDDI）的股票速度為Q1近17.50美元，並以11.00美元的價格收於，損失了37％以上。

Competing crypto mining firm Riot Platforms (NASDAQ:RIOT) opened Q1 2025 at just under $10.50 and closed it at $7.12, a loss of over 32%. Bitfarms (NYSE:BITF), an energy infrastructure and crypto mining firm, opened the year at $1.56 and closed the first quarter at $0.7882, losing nearly half its value.

競爭性加密礦業公司Riot Platforms（NASDAQ：RIOT）的開業時間為2025年，價格不到10.50美元，並以7.12美元的價格收盤，損失了32％以上。一家能源基礎設施和加密礦業公司Bitfarms（NYSE：BITF）以1.56美元的價格開業，並以0.7882美元的價格收於第一季度，損失了近一半的價值。

Datacenter and crypto mining firm Hut 8 (NASDAQ: HUT) started the year at $21.10 and ended the quarter at $11.62, resulting in a loss of nearly 45%. The firm continues painting red candles at the time of writing despite its recent partnership with US President Donald Trump’s sons to launch American Bitcoin, aiming to build the world’s biggest Bitcoin (BTC) mining operation with strategic reserves.

數據中心和加密礦業公司HUT 8（NASDAQ：HUT）的年度為21.10美元，並以11.62美元的價格結束，導致損失近45％。儘管最近與美國總統唐納德·特朗普（Donald Trump）的兒子合作推出了美國比特幣，但該公司仍在寫作時繼續繪畫紅蠟燭，旨在通過戰略儲備來建立世界上最大的比特幣（BTC）採礦業務。

The list continues. Datacenter and mining firm Hive Digital Technologies (NASDAQ:HDIV) saw its stock go from $2.97 to $1.45 in Q1, losing more than half its price. Lastly, mining hardware producer Canaan Creative (NASDAQ:CCIV) started the quarter at $2.11 and ended at $0.8778 for a loss of nearly 58.4%.

列表仍在繼續。數據中心和採礦公司Hive Digital Technologies（NASDAQ：HDIV）的股票在第一季度的股票從2.97美元上升到1.45美元，損失了一半以上的價格。最後，採礦硬件生產商Canaan Creative（NASDAQ：CCIV）以2.11美元的價格開始，損失近58.4％，為0.8778美元。

Geopolitical Impact

地緣政治影響

The broader stock market, not just the crypto industry, has also taken a significant hit widely attributed to recent geopolitical shifts. United States stock market index S&P 500 opened the quarter at $5,890 and closed at $5,610 — losing over 4.75%.

更廣泛的股票市場，不僅是加密貨幣行業，還歸因於最近的地緣政治轉變，這一巨大打擊。美國股票市場指數標準普爾500號公開賽以5,890美元的價格開盤，收於5,610美元，損失了4.75％以上。

Market participants feel uncertainty as US President Donald Trump continues waging a trade war on multiple fronts. This week, reports suggest that concerns over a global trade war continue to pressure traditional and cryptocurrency markets as investors brace for a potential US tariff announcement on April 2.

當美國總統唐納德·特朗普繼續在多個方面發動貿易戰時，市場參與者感到不確定性。本週，報導表明，對全球貿易戰的擔憂繼續向傳統和加密貨幣市場施加壓力，因為投資者會在4月2日發出美國關稅公告。

Founder of Obchakevich Research, Alex Obchakevich, told Cointelegraph: "Trump’s tariffs are weighing heavily on the market, making it as unpredictable as possible." He pointed out that Strategy (NASDAQ:MAGA) (formerly MicroStrategy) is holding up surprisingly well, with its price losing just under 3.95% as it went from $300.11 down to $288.27 during Q1 2025.

Obchakevich Research的創始人Alex Obchakevich告訴Cointelegraph：“特朗普的關稅在市場上的壓力很大，使其盡可能無法預測。”他指出，該策略（納斯達克股票代碼：MAGA）（以前是MicroStrategy）的表現非常出色，其價格下跌不到3.95％，因為它從300.11美元下降到第1季度2025年第1季度的288.27美元。