Meanwhile, the PayPal share also records a big loss, having fallen by more than 11%. Block stock is trading nearly 20% lower and MicroStrategy is down 37 percent.
Coinbase stock could also fall further, as the company will soon announce its first quarter earnings. The company’s profit is expected to be lower than previous quarters. This is due to a decline in trading volumes in recent months.
This could have a negative impact on Coin shares. Especially if the profit is even lower than expected, or the report predicts a negative forecast for the future.