The cryptocurrency market went big in 2021, nearly tripling in value and closing the year at more than $2.2 trillion. Coinbase Global (COIN), a prime crypto brokerage, took advantage of the bull market and decided to go public in April last year. However, the company's shares have shed more than 85% since. The primary reasons behind the fall are less crypto-trading activity and a fall in cryptocurrency prices, which are beyond Coinbase's control. Unfortunately, the consistent decline in the stock price doesn't present a positive outlook for investors. However, Coinbase might turn up its profitability, given its operating flexibility.
