Can Coinbase Global Stock Recover If Markets Fall?
Coinbase Global (COIN) stock is down 10.2% in 5 trading days. The recent slide reflects renewed concerns around escalating geopolitical tensions and stalled crypto regulation, but sharp drops like this often raise a tougher question: is the weakness temporary, or a sign of deeper cracks in the story?
Before judging its downturn reslience, let’s look at where Coinbase Global stands today.
- Size: Coinbase Global is a $58 Bil company with $7.0 Bil in revenue currently trading at $226.93.
- Fundamentals: Last 12 month revenue growth of 48.6% and operating margin of 27.0%.
- Liquidity: Has Debt to Equity ratio of 0.08 and Cash to Assets ratio of 0.41
- Valuation: Coinbase Global stock is currently trading at P/E multiple of 20.2 and P/EBIT multiple of 16.3
- Has returned (median) 18.3% within a year following sharp dips since 2010. See COIN Dip Buy Analysis.
These metrics point to a Strong operational performance, alongside High valuation – making the stock Fairly Priced. For details, see Buy or Sell COIN Stock
That brings us to the key consideration for investors worried about this fall: how resilient is COIN stock if markets turn south? This is where our downturn resilience framework comes in. Suppose COIN stock falls another 20-30% to $159 – can investors comfortably hold on? Turns out, the stock has fared much worse than the S&P 500 index during various economic downturns, based on (a) how much the stock fell and, (b) how quickly it recovered. Below, we dive deeper into each such downturn.
2022 Inflation Shock
- COIN stock fell 90.9% from a high of $357.39 on 9 November 2021 to $32.53 on 28 December 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 26 June 2025
- Since then, the stock increased to a high of $419.78 on 20 July 2025 , and currently trades at $226.93
| COIN | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -90.9% | -25.4% |
| Time to Full Recovery | 911 days | 464 days |
Feeling jittery about COIN stock? Consider portfolio approach.
Stock Picking Falls Short Against Multi Asset Portfolios
Markets move differently but a mix of assets smooths volatility. A multi asset portfolio keeps you invested and reduces the impact of sharp drops in any single area.
The asset allocation framework of Trefis’ Boston-based, wealth management partner yielded positive returns during the 2008-09 period when the S&P lost more than 40%. Our partner’ strategy now includes Trefis High Quality Portfolio, which has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices