隨著交易者準備迎接加密寒冬，Coinbase 股價暴跌

Coinbase 股價在意外的季度虧損後暴跌，引發了交易員對加密貨幣市場彈性的擔憂。獲取最新見解。

Coinbase Shares Drop Sharply Amidst Quarterly Losses, Traders on Edge

Coinbase 股價因季度虧損而大幅下跌，交易員緊張不安

New York, NY – February 12, 2026 – Coinbase Global (COIN.O) experienced a significant downturn, shedding 7.9% in after-hours trading to close at $141.09 on Thursday. This sharp decline followed the revelation of an unexpected quarterly loss, sending ripples of concern through the trading community and highlighting the precarious state of the cryptocurrency market.

紐約州紐約 – 2026 年 2 月 12 日 – Coinbase Global (COIN.O) 經歷了大幅下滑，週四盤後交易中下跌 7.9%，收於 141.09 美元。這種急劇下跌是在意外的季度虧損被曝光之後，在交易界引發了擔憂，並凸顯了加密貨幣市場的不穩定狀態。

The Crypto Slowdown's Grip Tightens

加密貨幣放緩的影響加劇

The recent financial results from Coinbase paint a stark picture of the ongoing crypto trading slowdown. The exchange, heavily reliant on transaction fees, saw its revenue streams threatened as trading activity decelerated. This situation is particularly concerning given Coinbase's projection of weaker subscription and services revenue for the current quarter, a segment previously anticipated to offer more stability. Traders are now keenly observing early February trends, with crypto price movements expected to heavily influence market sentiment heading into the following week.

Coinbase 最近的財務表現描繪了加密貨幣交易持續放緩的鮮明景象。該交易所嚴重依賴交易費用，隨著交易活動減速，其收入來源受到威脅。鑑於 Coinbase 預計本季的訂閱和服務收入將疲軟，這種情況尤其令人擔憂，而先前預計該領域將提供更多的穩定性。交易員現在正在敏銳地觀察 2 月初的趨勢，預計加密貨幣價格走勢將嚴重影響下週的市場情緒。

Financial Woes and Market Repercussions

財務困境和市場影響

Coinbase reported a net loss of $666.7 million, or $2.49 per share, on fourth-quarter revenue of $1.78 billion. Transaction revenue specifically fell to $982.7 million. While subscription and services generated $727.4 million, the outlook for Q1 anticipates a range of $550 million to $630 million, attributed to softer crypto prices and lower interest rates. This marks Coinbase's first quarterly loss since the third quarter of 2023, a far cry from the profit analysts had projected. The slump in digital assets since early October, exacerbated by global economic pressures and outflows from U.S. spot Bitcoin ETFs, has led to a significant year-to-date drop of approximately 40% in COIN shares.

Coinbase 報告稱，第四季營收為 17.8 億美元，淨虧損 6.667 億美元，即每股 2.49 美元。交易收入具體下降至 9.827 億美元。雖然訂閱和服務產生了 7.274 億美元，但由於加密貨幣價格疲軟和利率降低，第一季的前景預計在 5.5 億至 6.3 億美元之間。這標誌著 Coinbase 自 2023 年第三季以來首次出現季度虧損，與利潤分析師的預期相去甚遠。自 10 月初以來，全球經濟壓力和美國現貨比特幣 ETF 的資金流出加劇了數位資產的暴跌，導致 COIN 股價今年迄今大幅下跌約 40%。

Analyst Skepticism and Executive Moves

分析師的懷疑與高階主管的舉動

The negative sentiment is echoed by market analysts. Monness, Crespi, Hardt downgraded Coinbase to 'Sell,' labeling expectations of a swift recovery as unrealistic and predicting continued softness into mid-2026. Adding to the market's unease, Chief Financial Officer Alesia Haas offloaded approximately 364,600 Coinbase shares on February 6, executed via a 10b5-1 trading plan to cover option exercise costs and tax obligations. While the company highlighted its

市場分析師也表達了這種負面情緒。 Monness、Crespi、Hardt 將 Coinbase 評級下調至“賣出”，將快速復甦的預期標記為不切實際，並預測到 2026 年中期將持續疲軟。財務長阿萊西亞·哈斯 (Alesia Haas) 於 2 月 6 日透過 10b5-1 交易計畫出售了約 364,600 股 Coinbase 股票，以支付選擇權行使成本和納稅義務，這加劇了市場的不安。雖然該公司強調其