Coinbase, Gemini, and Bullish shares drop between 40% and 55% over last three months

Over the last three months, shares of Coinbase, Gemini, and Bullish have declined between 40% to 55%.

This significant drop is primarily due to decreased trading volumes, adversely affecting transaction fee revenues.

Bitcoin’s price has decreased by over 35% since October, contributing to overall market volatility.

Amidst this chaotic environment, investors are pulling out from riskier equity assets.