Coinbase Stock falls 5% on crypto-summit disappointment

https://www.businessinsider.com/coinbase-stock-price-selloff-spx-listing-crypto-summit-trump-bitcoin-2025-3

created by Livid_Yam on 10/03/2025 at 13:28 UTC

231 upvotes, 12 top-level comments (showing 12)

Comments

Comment by My_G_Alt at 10/03/2025 at 13:54 UTC

55 upvotes, 4 direct replies

5% *so far*

Comment by WaffleDonkey23 at 10/03/2025 at 14:11 UTC

79 upvotes, 6 direct replies

What did people expect? I didn't watch, but here's my guess:

Trump: "I actually, the crypto was invented by me and a few very smart people. I like smart people. Yes this crypto is going to be bigly and it's going to have us winning again. They don't want us to have the crypto I said, Biden, Biden who is very weak, a lot of people know this. I said there's a lot of illegals, the transgenders, they want to take away the bitcoins, I said no. Do you believe this? And it was very hard, they made up a lot of lies about me. Chyna. And I had to go through it, but it was a hoax. I think it's very smart, very smart."

Comment by coinfeeds-bot at 10/03/2025 at 13:30 UTC

9 upvotes, 0 direct replies

tldr; Coinbase shares fell 5% to $206.10 on Monday, now down 17% for the year, following disappointment from last week's White House Crypto Summit, which failed to provide new policy support. Additionally, Coinbase was excluded from the S&P 500 during a quarterly reshuffling, with other companies like DoorDash and TKO Group selected instead. The broader crypto market continues to struggle amid declining confidence in the economy, affecting Coinbase and other crypto-related firms like Riot Platforms and Mara Holdings.

Comment by diwalost at 10/03/2025 at 14:30 UTC

6 upvotes, 0 direct replies

5% is a news!!

Comment by LovelnTheSkyy at 10/03/2025 at 15:34 UTC

3 upvotes, 0 direct replies

COIN literally moves with bitcoin. This is news for idiots

Comment by ISpenz at 10/03/2025 at 14:29 UTC

2 upvotes, 1 direct replies

Reading the comments and with this market sentiment, I can only continue buying COIN

Comment by partymsl at 10/03/2025 at 14:01 UTC

1 upvotes, 0 direct replies

That's nothing in Crypto terms...

Comment by Low_Engineering_3301 at 10/03/2025 at 14:33 UTC

1 upvotes, 1 direct replies

Just wait until trump tries to do a pump and dump on bitcoin.

Comment by tkhan456 at 10/03/2025 at 17:05 UTC

1 upvotes, 0 direct replies

No. It’s falling because EVERYTHING is

Comment by bestjaegerpilot at 10/03/2025 at 13:36 UTC

2 upvotes, 3 direct replies

That's a shame. Meanwhile Kraken/Gemini are filing IPOs.

That is, this is the future.

IMO this is massively undervalued.

Comment by AffectionateDuty6062 at 10/03/2025 at 13:30 UTC

-1 upvotes, 5 direct replies

worlds worst company! took my money no problem, but when I try and cash out locks down the account and no customer service! disgraceful company tbh, wouldn't recommend to anyone

Comment by Starwaverraver at 10/03/2025 at 15:05 UTC

0 upvotes, 1 direct replies

It wasn't a disappointment.

The markets been inflated for a while.

It's due for a correction.