The expectations ahead of the Coinbase listing were high. Coinbase opened at $380 on April 14th, 2021. Currently, Coinbase trade at $145, down 62% since its opening price in what has been a tumultuous first public year for the company.
Overall, Coinbase's performance seems to closely follow the crypto market's performance. Coinbase went public during the peak of last year's spring boom and saw a strong recovery during the bull market last fall.