Cryptocurrency exchange Coinbase Global (COIN.O) has recorded its second consecutive quarter of losses, with significant market volatility and a broad digital-asset sell-off severely impacting its trading volumes. Coinbase Global is a prominent cryptocurrency exchange. It facilitates the buying, selling, and storage of various digital assets. Its shares were down approximately 4% in extended trading, contributing to a nearly 15% decline so far in 2026. This downturn reflects a broader softening of trading activity across digital-asset exchanges since early this year.

The company’s transaction revenue slumped about 40% to $756 million during the quarter, down from $1.26 billion recorded a year earlier. Total revenue at Coinbase…