COIN is trading at $147.94 (+4.9%) in pre-market as the stock tracks a recovery in major cryptocurrencies, including BTC (+1.6%) and ETH (+1.9%), following a sharp earnings-day selloff.
- The rebound follows a 7.9% plunge to $141.09 after the company reported a $667M Q4 loss on $1.78B in revenue, missing analyst estimates amid broader crypto weakness.
- Investors are looking toward growth in the Base chain and prediction markets to help the stock recover from a 34% YTD drop tied to Bitcoin's recent 27% monthly decline.