随着交易员准备迎接加密寒冬，Coinbase 股价暴跌

Coinbase 股价在意外的季度亏损后暴跌，引发了交易员对加密货币市场弹性的担忧。获取最新见解。

Coinbase Shares Drop Sharply Amidst Quarterly Losses, Traders on Edge

Coinbase 股价因季度亏损而大幅下跌，交易员紧张不安

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.

纽约州纽约 – 2026 年 2 月 12 日 – Coinbase Global (COIN.O) 经历了大幅下滑，周四盘后交易中下跌 7.9%，收于 141.09 美元。这种急剧下跌是在意外的季度亏损被曝光之后，在交易界引发了担忧，并凸显了加密货币市场的不稳定状态。

The Crypto Slowdown's Grip Tightens

加密货币放缓的影响加剧

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 最近的财务业绩描绘了加密货币交易持续放缓的鲜明景象。该交易所严重依赖交易费用，随着交易活动减速，其收入来源受到威胁。鉴于 Coinbase 预计本季度的订阅和服务收入将疲软，这种情况尤其令人担忧，而此前预计该领域将提供更多的稳定性。交易员现在正在敏锐地观察 2 月初的趋势，预计加密货币价格走势将严重影响下周的市场情绪。

Financial Woes and Market Repercussions

财务困境和市场影响

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 报告称，第四季度营收为 17.8 亿美元，净亏损 6.667 亿美元，即每股 2.49 美元。交易收入具体下降至 9.827 亿美元。虽然订阅和服务产生了 7.274 亿美元，但由于加密货币价格疲软和利率降低，第一季度的前景预计在 5.5 亿至 6.3 亿美元之间。这标志着 Coinbase 自 2023 年第三季度以来首次出现季度亏损，与利润分析师的预期相去甚远。自 10 月初以来，全球经济压力和美国现货比特币 ETF 的资金流出加剧了数字资产的暴跌，导致 COIN 股价今年迄今大幅下跌约 40%。

Analyst Skepticism and Executive Moves

分析师的怀疑和高管的举动

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

市场分析师也表达了这种负面情绪。 Monness、Crespi、Hardt 将 Coinbase 评级下调至“卖出”，将快速复苏的预期标记为不切实际，并预测到 2026 年中期将持续疲软。首席财务官阿莱西亚·哈斯 (Alesia Haas) 于 2 月 6 日通过 10b5-1 交易计划出售了约 364,600 股 Coinbase 股票，以支付期权行使成本和纳税义务，这加剧了市场的不安。虽然该公司强调其