Coinbase Experiences Unexpected Service Interruption
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Coinbase Faces Unexpected Outage Ahead of Earnings Report
On Wednesday, popular cryptocurrency exchange Coinbase (COIN) encountered an unforeseen outage just hours before its anticipated fourth-quarter earnings report for 2025. This service disruption temporarily hindered users from buying, selling, or transferring digital assets, sparking concerns and exerting additional pressure on the company’s stock performance.
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Service Interruption Impacts Coinbase Users
In a statement released on X (formerly known as Twitter), Coinbase recognized the issue, indicating that several users were unable to execute transactions on the platform. The company reassured its clientele that they were actively investigating the matter and stressed that all customer funds remained secure.
Subsequently, Coinbase Support communicated that a solution had been implemented and that their teams were vigilantly monitoring the platform to ensure service restoration. However, the company did not disclose details regarding the cause of the outage or the factors that precipitated the disruption in trading activities.
On the day of the outage, Coinbase shares (COIN) experienced a significant decline. At the time of this writing, the stock is valued at $140, reflecting an 8% drop in recent hours. This decline occurs as analysts brace for what is anticipated to be a challenging earnings report for the fourth quarter.
Monness Crespi Revises COIN Price Target
Monness Crespi, a research firm, adopted a notably cautious perspective prior to the earnings announcement, issuing a double downgrade on Coinbase stock by shifting its rating from buy to sell.
Analyst Gus Gala labeled earlier predictions of a steady recovery through 2026 as “overly optimistic,” citing the historical patterns of prolonged bear markets in the crypto sector.
The firm now projects continued weakness through the first half of the year and has adjusted its 2026 and 2027 forecasts to levels below the consensus estimates on Wall Street. Gala also set a $120 price target for the stock, indicating that more favorable entry points could develop in the future.
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