---
title: "Coinbase stock drops 4% after surprise 1Q miss as crypto trading slows"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285621060.md"
description: "Coinbase shares dropped 4% in after-hours trading following a surprise first-quarter loss and missed revenue estimates. The decline was attributed to weaker crypto markets affecting its core trading business, with transaction and subscription revenues falling short of analyst expectations. Despite cutting about 14% of its workforce, Coinbase is focusing on growth in derivatives, prediction markets, and stablecoin activities to lessen its dependence on volatile trading fees."
datetime: "2026-05-07T21:10:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285621060.md)
  - [en](https://longbridge.com/en/news/285621060.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285621060.md)
---

# Coinbase stock drops 4% after surprise 1Q miss as crypto trading slows

-   Coinbase shares fell about 4% in after-hours trading after the company posted a surprise first-quarter loss and missed Wall Street revenue estimates.
-   Weaker crypto markets dragged down Coinbase’s core trading business, with both transaction and subscription-and-services revenue coming in below analyst expectations.
-   Even as it cuts roughly 14% of its workforce, Coinbase is leaning on growth in derivatives, prediction markets and stablecoin activity to reduce its reliance on volatile trading fees.

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