It was established in June 2010Coinbase is a cryptocurrency exchange company headquartered in San Francisco, California. They broker the exchange of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin into currencies in approximately 32 countries, and Bitcoin transactions and storage in 190 countries around the world. WikipediaNew York, USA (CNN) -- The collapse of the Bitcoin cryptocurrency price has hit Coinbase hard. The cryptocurrency brokerage reported a loss in the first quarter, with revenue down 27% from a year ago, missing Wall Street's expectations. Street". Shares of Coinbase fell more than 25% on Wednesday, reaching an all-time low.Coinbase stock is now down more than 75% this year and is trading 85% below its all-time high since November. Stocks have lost more than half their value in the past week alone. The decline in the company's shares coincides with the massive decline in the value of Bitcoin, Ethereum, and other cryptocurrencies over the past few months. Coinbase said in its earnings report that about 48% of its transaction revenue came from bitcoin and ethereum in the quarter. Bitcoin prices fell below $30,000, Wednesday, after the Consumer Price Index report on inflation. As a result of the volatility, Coinbase reported a sharp decline in the number of users, trading volume, and assets from the fourth quarter. “The first quarter of 2022 continued the trend of lower crypto-asset prices and volatility that began in late 2021,” she said in a letter to shareholders. But the company added that it remains "as excited as ever about the future of cryptocurrency." However, investors seemed concerned by new language in Coinbase's earnings report with the Securities and Exchange Commission that warned of bankruptcy risks. "In the event of bankruptcy, crypto assets held on behalf of our clients could be subject to bankruptcy proceedings and such clients could be treated as unsecured creditors," the company said. This could mean that customers would not be able to access the funds if Coinbase files for bankruptcy. But the company's CEO, Brian Armstrong, has tried to reassure customers and clear up any confusion about the bankruptcy talk. In a thread of tweets late Tuesday night, Armstrong wrote that "your funds are safe at Coinbase just as they've always been," and added, "We don't have the risk of going bankrupt."Armstrong wrote that the company was required to include bankruptcy warning language due to “recently required disclosures of public companies holding third-party crypto assets” as a result of SEC rules. Coinbase is arguably the most well-known cryptocurrency company. It generated a lot of interest earlier this year with a bizarre Super Bowl ad that contained nothing more than a QR code that moved around the screen for 60 seconds. Coinbase said in its earnings report that the ad "led to significant improvements in our brand awareness, preference and purchase consideration." Coinbase has also been busy adding other cryptocurrencies to its platform, such as Cardano. It also launched a marketplace for non-fungible tokens (NFTs), digital assets that are becoming increasingly popular in the art and collectibles world. However, none of this was enough to stop the stock's massive slide.The company went public last year via a direct listing of its shares on the Nasdaq Stock Exchange and was immediately valued at nearly $100 billion. Coinbase's market capitalization now hovers around $15 billion.