February 12 proved an eventful day for Coinbase (NASDAQ: COIN) as the cryptocurrency exchange unveiled a disappointing earnings report and revealed an apparent trading stoppage that ultimately led to a 7.90% one-session drop in the stock market. To begin with, the digital assets downturn that started shortly after Bitcoin (BTC) hit a new high in October 2025 and accelerated late in January 2026, adversely affected Coinbase as it recorded a 20% fourth-quarter revenue drop to $1.8 billion