Business

Crypto Market Slump Hits Coinbase

Updated 2026-05-07 20:50 UTC 2 sources Negative

Coinbase reported a steep first-quarter loss and weaker-than-estimated revenue due to a decline in crypto prices, causing its stock to fall by 4%. The downturn affects the broader cryptocurrency market.

Coverage timeline — 2 articles

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CNBC

Coinbase posts steep first-quarter loss after slide in crypto prices, shares fall 4%

Crypto trading platform Coinbase reported a surprise first-quarter loss and weaker-than-estimated revenue after the market close Thursday.

2026-05-07 20:38 UTC